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Redemption of Bonds Issued at Face Value Levesque Lumber Co . issued $ 8 0 0 , 0 0 0 in bonds at face value
Redemption of Bonds Issued at Face Value
Levesque Lumber Co issued $ in bonds at face value years ago and has paid semiannual interest payments through the years.
a Assume the bonds are redeemed at face value.
b Assume that $ of the bonds are redeemed at
c Assume that $ of the bonds are redeemed at
Prepare journal entries to record ab and c If an amount box does not require an entry, leave it blank.
tableDATE,ACCOUNT TITLE,,tableDOC POST.NO REF.DEBIT,,CREDIT,aBonds Payable bGain on Bonds Redeemed,gradx,,,,Bonds Payable cLoss on Bonds Redeemed,gradx,,,Bonds Payable
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