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Prepare the journal entry to record the redemption of the bonds before maturity at 97 . Assume the balance in Premium on Bonds Payable is

image text in transcribed Prepare the journal entry to record the redemption of the bonds before maturity at 97 . Assume the balance in Premium on Bonds Payable is $4,800. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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