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Magic Mountain retires Its 8% bonds for $121,000 before their scheduled maturity. At the time, the bonds have a face value of 119,000 and a

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Magic Mountain retires Its 8% bonds for $121,000 before their scheduled maturity. At the time, the bonds have a face value of 119,000 and a carrying value of $116,000. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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