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On October 1, 2020 Coronado Industries issued 6%, 10-year bonds with a face value of $8100000 at 104. Interest is paid on October 1 and

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On October 1, 2020 Coronado Industries issued 6%, 10-year bonds with a face value of $8100000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a O credit of $7776000 to Bands Payable. O credit of $243000 to Interest Payable. O debit of $324000 to Discount on Bonds Payable. O credit of $324000 to Premium on Bonds Payable. Crane Company retires its $560000 face value bonds at 103 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $539000. The entry to record the redemption will include a credit of $21000 to Loss on Bond Redemption. O credit of $21000 to Discount on Bonds Payable. debit of $16800 to Premium on Bonds Payable. debit of $37800 to Gain on Bond Redemption

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