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Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on January 1, 2008. Interest is payable semiannually on June 30 and December 31. Through

Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on January 1, 2008. Interest is payable semiannually on June 30 and December 31. Through January 1, 2014, Holthausen amortized $4,191 of the bond premium. On January 1, 2014, Holthausen retires the bonds at 103. a. Prepare journal entries to record the transactions.

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