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On July 1. Aloha Co. exercises a call option that requires Aloha to pay $367,200 for its outstanding bonds that have a carrying value of

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On July 1. Aloha Co. exercises a call option that requires Aloha to pay $367,200 for its outstanding bonds that have a carrying value of $371,000 and par value of $360,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction Mat Journal entry worksheet Record the retirement of bonds before maturity. Note: Et debits before credits Date General Journal Dabit C redit July 01 Record entry Clear entry View general Journal

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