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Prater Corporation issued $290,000 of 10-year bonds at a discount. Prior to maturity when the carrying value of the bonds was $268,250, the company redeemed

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Prater Corporation issued $290,000 of 10-year bonds at a discount. Prior to maturity when the carrying value of the bonds was $268,250, the company redeemed the bonds at Prepare the entry to record the redemption of the bonds. (Credit account titles are automatically indented when amount lu entorn. De retindent manually Account Tities and Explanation Debit Credit

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