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On January 1, 2020, Headland Corporation redeemed $650,000 of bonds at 97. At the time of redemption, the unamortized premium was $19,500 Prepare the corporation's
On January 1, 2020, Headland Corporation redeemed $650,000 of bonds at 97. At the time of redemption, the unamortized premium was $19,500 Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, eg. 1.251247 and final answer to decimal places, eg. 38,548.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit
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