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Please answer wuestion #5, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The balance sheet for Wildhorse Co. reports the following information on July

Please answer wuestion #5, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
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The balance sheet for Wildhorse Co. reports the following information on July 1, 2022 WILDHORSE CO. Balance Sheet (partial) Long-term liabilities Bonds payable Less: Discount on bonds payable $1,100,000 24,750 $1,075,250 Wildhorse decides to redeem these bonds at 102 after paying annual interest Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1

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