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Okano Medical Lab issued $300,000 in bonds at face value 10 years ago and has paid semiannual interest payments through the years. (a) Assume the
Okano Medical Lab issued $300,000 in bonds at face value 10 years ago and has paid semiannual interest payments through the years. (a) Assume the bonds are redeemed at face value. (b) Assume that $28,000 of the bonds are redeemed at 102. (c) Assume that $28,000 of the bonds are redeemed at 98. Required: Prepare the journal entries to record (a), (b), and (c)
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