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On January 1, 2020, Country Corporation purchased 75 Piper Inc. 9%, $1,000, 10-year bonds for $75,000. Later, on January 1, 2021, Country sold all 75

On January 1, 2020, Country Corporation purchased 75 Piper Inc. 9%, $1,000, 10-year bonds for $75,000. Later, on January 1, 2021, Country sold all 75 bonds for $69,500. How should Country journalize the sale of the bonds?

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