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Cardham Corporation retires its $3,000,000 face value bonds at 103 on January 1, following the payment of annual interest. The carrying value of the
Cardham Corporation retires its $3,000,000 face value bonds at 103 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $2,967,560. Record the joumal entry for this transaction. You may omit the journal entry description. Ede Format Table 12pt Paragraph BI A 21
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Financial Accounting
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
10th Edition
1119298229, 1119305845, 9781119298229, 9781119305842
