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On December 31, a $1,000,000 bond issue on which there is an unamortized discount of $71,600 is redeemed for $948,500. Journalize the redemption of the

On December 31, a $1,000,000 bond issue on which there is an unamortized discount of $71,600 is redeemed for $948,500.

Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.

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