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Redemption of Bonds Issued at Face Value Levesque Lumber Co. issued $800,000 in bonds at face value 10 years ago and has paid semiannual interest
Redemption of Bonds Issued at Face Value Levesque Lumber Co. issued $800,000 in bonds at face value 10 years ago and has paid semiannual interest payments through the years. a. Assume the bonds are redeemed at face value. b. Assume that $86,000 of the bonds are redeemed at 104 C. Assume that $86,000 of the bonds are redeemed at 96 Prepare journal entries to record (a), (b), and (c). If an amount box does not require an entry, leave it blank DATE ACCOUNT TITLE DOC. POST DEBIT CREDIT NO. REF. 4 b. 8 C 8 10 10 Page
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