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On July1, 2019, Montana Company has bonds with balances as shown below. Bonds Payable 70,000 Discount on Bonds Payable 3,600 If the company retires the
On July1, 2019, Montana Company has bonds with balances as shown below.
Bonds Payable
70,000
Discount on Bonds Payable
3,600
If the company retires the bonds for$71,150, what will be the effect on the incomestatement?
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