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CAL Premium Pizza retires its 7% bonds for $56,000 before their scheduled maturity. At the time, the bonds have a face amount of $54,000 and

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CAL Premium Pizza retires its 7% bonds for $56,000 before their scheduled maturity. At the time, the bonds have a face amount of $54,000 and a carrying value of $58,078. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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