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Great Boots company sells rock climbing equipment. On February 28, Great Boots had the following accounts and balances: Bonds payable $180,000 Discount on bonds payable

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Great Boots company sells rock climbing equipment. On February 28, Great Boots had the following accounts and balances: Bonds payable $180,000 Discount on bonds payable 19,000 On that day, Great Boots redeemed a quarter of the bonds in the market at 101. Prepare the journal entry to record the redemption. Round to the nearest whole dollar when necessary. For full credit, show your calculations in this box

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