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Question 3 (10 points) Problem C(10 points) Hillman Corporation purchased $150,000 of its bonds on June 30, 2003 at 102 and retired them with a
Question 3 (10 points) Problem C(10 points) Hillman Corporation purchased $150,000 of its bonds on June 30, 2003 at 102 and retired them with a carrying value of 152,400. They were redeemed at 99. The bonds pay semiannual interest and the interest payment due on June 30, 2004 has been made and recorded. Prepare the journal entry to record the retirement of the bonds on June 30, 2004. Show all calculations at the bottom of the page. Type Debit (hit return key) Type Credit, by spacing four to five spaces for each transaction in the
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