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On December 31,20X, a company decides to retire its bonds by paying $63,000 The bond wore originally nold at a dincount. The bonds have a

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On December 31,20X, a company decides to retire its bonds by paying $63,000 The bond wore originally nold at a dincount. The bonds have a face value of 568.000 and t balance in the Discount on Bonds Payable account is $3,000. Assume that all partial year arsortization and intered payments have areiady been tecorded Prepare the journal entry to record the retirement of the bond: Explanations are not necded Show all work to receive partial credit If you plan to submi scrap paper, type "scrap paper" below

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