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NOVA Company issues bonds with $100,000 par value, an 8% annual contract rate (paid semiannually), and a two year life on January 1, 2014. These

NOVA Company issues bonds with $100,000 par value, an 8% annual contract rate (paid semiannually), and a two year life on January 1, 2014. These bonds sell at 96. Assuming that interest is paid and recorded, the journal entry on January 1, 2016 to record the retirement of these bonds will include which of the following?

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