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Assume The Metro Toronto Zoo had $50,000 of bonds that were called after 4 years of issue while the maturity was 7 years on

Assume The Metro Toronto Zoo had $50,000 of bonds that were called after 4 years of issue while the maturity was 7 years on December 31, 2024, and the final interest payment has already been made. The Fair value of the bonds is $60000, and the company paid 5000 as retirement premature premium. The entry to record the issue and retirement of the bonds would be:

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