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Question 15 The December 31, 2021 balance sheet of Wolfe Co. Included the following items: 7.5% bonds payable due December 31, 2029 $3,000,000 Unamortized discount

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Question 15 The December 31, 2021 balance sheet of Wolfe Co. Included the following items: 7.5% bonds payable due December 31, 2029 $3,000,000 Unamortized discount on bonds payable 120,000 The bonds were issued on December 31, 2019 at 95, with interest payable on June 30 and December 31. (Use straight-line amortization) On April 1, 2020, Wolte retired $600,000 of these bonds at 101 plus accrued interest. Prepare journal entries to record the above retirement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. It ne entry is required, select "No Entry" for the account tities and enter for the amounts.)

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