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On January 1, 2019, College Town LLC redeemed $450,000 of bonds at 93. At the time of redemption, the unamortized premium was $22,150. Prepare the
On January 1, 2019, College Town LLC redeemed $450,000 of bonds at 93. At the time of redemption,
the unamortized premium was $22,150.
Prepare the corporations journal entry to record the reacquisition of the bonds.
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