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On 1/1/21, Ehrlich Corporation redeemed $200,000 of bonds that had a carrying value of $212,500. The bonds were redeemed at 99. Prepare the journal entry
On 1/1/21, Ehrlich Corporation redeemed $200,000 of bonds that had a carrying value of $212,500. The bonds were redeemed at 99. Prepare the journal entry to record the redemption. Show your calculations.
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Advanced Accounting Concepts And Practice
Authors: Arnold J. Pahler
9th Edition
0324233531, 978-0324233537
