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Exercise 175 Stengle Company retired $500,000 face value, 9% bonds on June 30, 2020 at 96. The carrying value of the bonds at the redemption

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Exercise 175 Stengle Company retired $500,000 face value, 9% bonds on June 30, 2020 at 96. The carrying value of the bonds at the redemption date was $508,000 Prepare the journal entry to record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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