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On January 1st, 2020, CALA CORP (sold) $100,000 (100, $1000 par bonds to Company A) These 8% CALA 10-year bonds pay interest semi-annual (July 1

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On January 1st, 2020, CALA CORP (sold) $100,000 (100, $1000 par bonds to Company A) These 8% CALA 10-year bonds pay interest semi-annual (July 1 and January 1) At the time of purchase and the market rate is 6% On January 1st 2026, retired the CALA retired the bonds by paying $117,000. On this date, bonds had a $120,000 book value Make the journal entry CALA makes when it retires the bonds

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