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McGill recieved a huge donation from a famous hockey player for the new gym, and so they decide to retire the bond early. On December
McGill recieved a huge donation from a famous hockey player for the new gym, and so they decide to retire the bond early. On December st Year McGill records all adjusting entries and then pays $ to the bondholder to retire the bond. Answer the following questions related to the journal entry McGill will make related to the bond's retirement. Round all numerical answers to the nearest whole number. If there is no debit or credit to an account, put
McGill will debit Bond Payable for
McGill will debit Cash for
McGill will debit Loss on Bond Call for
McGill will credit Gain on Bond Call for
McGill will credit Bond Payable for
McGill will credit Cash for
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