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Redemption of Bonds Payable A $870,000 bond issue on which there is an unamortized discount of $65,000 is redeemed for $808,000. Journalize the redemption of

Redemption of Bonds Payable

A $870,000 bond issue on which there is an unamortized discount of $65,000 is redeemed for $808,000.

Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

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