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Ouestion Sergei Company issued $400,000 of bonds on January 1, 2017 a) Prepare the journal entry to record the redemption of the bonds at maturity,

Ouestion Sergei Company issued $400,000 of bonds on January 1, 2017 a) Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. b) Prepare the journal entry to record the redemption of the bonds before maturity at 97. Assume the balance in Premium on Bonds Payable is $4,000

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