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Sharett Company retires its 6% bonds having a face amount of $72,800 for $70,800 before their scheduled maturity. At the time, the bonds have a

Sharett Company retires its 6% bonds having a face amount of $72,800 for $70,800 before their scheduled maturity. At the time, the bonds have a carrying value of $74,950. Required: Record the early retirement of the bonds. (If no entry is required for a particular transaction/event select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits

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