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In 2008, Morena Manufacturing issued $180,000 of 20-year bonds at face value. Ten years later, in 2018, the company retired the bonds early by purchasing
In 2008, Morena Manufacturing issued $180,000 of 20-year bonds at face value. Ten years later, in 2018, the company retired the bonds early by purchasing them in the open market at $181.800. The entry to record this transaction includes a: Multiple Choice debit to Bonds Payable of $181,800. O O debit to Loss on Bond Retirement of $1,800. O O credit to Cash of $180,000 Opa NIP W
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