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Premium Pizza retires its 5% bonds for $70,000 before their scheduled maturity. At the time, the bonds have a face value of $67,200 and a
Premium Pizza retires its 5% bonds for $70,000 before their scheduled maturity. At the time, the bonds have a face value of $67,200 and a carrying value of $72,602.
Record the early retirement of the bonds.
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