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Grouper Corp. issued $456,000 of 14-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $442,320, the company redeemed

Grouper Corp. issued $456,000 of 14-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $442,320, the company redeemed the bonds at 99. Prepare the entry to record the redemption of the bonds.

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