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Loveland Corporation issued $464,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $452,400, the company redeemed

Loveland Corporation issued $464,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $452,400, the company redeemed the bonds at 97.

Prepare the entry to record the redemption of the bonds

Account title	Debit	Credit

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