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Ernst Corporation redeemed $120,000 of 7% bonds at 101. The bonds' carrying amount at the redemption date was $115,133. Prepare the appropriate journal entry for
Ernst Corporation redeemed $120,000 of 7% bonds at 101. The bonds' carrying amount at the redemption date was $115,133.
Prepare the appropriate journal entry for the redemption of the bonds.
Do not copy from chegg.
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