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Question 8 Current Attempt in Progress on July 1, 2017 SHERIDAN COMPANY e Sheet Long-term liabilities Bonds payable Less: Discount on bonds payable $2,700,000 $2,639.250

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Question 8 Current Attempt in Progress on July 1, 2017 SHERIDAN COMPANY e Sheet Long-term liabilities Bonds payable Less: Discount on bonds payable $2,700,000 $2,639.250 60,750 Sheridan decides to redeem these bonds at 103 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent Debit Credit Account Titles and Explanation Date July 1

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