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Posted on Sep 06, 2024

on january 1 , 2 0 2 0 , Martinez corporation redeemed $ 5 8 0 , 0 0 0 of bonds at 9 7

on january

1, 2020,

Martinez corporation redeemed $

580, 000

of bonds at

97 .

at the time of redemption

,

the unamortized premium was $

17, 400 .

prepare journal entry to record the reacquisition of the bonds.

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