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Queen Company issued bonds with a face amount of $2,000,000 in 2018. As of January 1,2021, the balance in Discount on Bonds Payable is $6,000.
Queen Company issued bonds with a face amount of $2,000,000 in 2018. As of January 1,2021, the balance in Discount on Bonds Payable is $6,000. At that time, Queen redeemed the bonds at 102 . Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Queen Company issued bonds with a face amount of $2,000,000 in 2018. As of January 1,2021, the balance in Discount on Bonds Payable is $6,000. At that time, Queen redeemed the bonds at 102 . Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually)
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