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Question 36 3 pts Janice Guitars Corp. decided to go into the market to repurchase bonds before their due date. The bonds had a face
Question 36 3 pts Janice Guitars Corp. decided to go into the market to repurchase bonds before their due date. The bonds had a face value of $3,000,000. On the date of retirement, the balance in the Premium on Bonds Payable account was $24,800. If Janice purchased the bonds on the open market at 102 to retire the bond, what is the gain or loss on the early extinguishment of the debt? Use a negative sign to denote a loss
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