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The balance sheet for Cullumber Company reports the following information on July 1, 2022. Cullumber decides to redeem these bonds at 104 after paying annual

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The balance sheet for Cullumber Company reports the following information on July 1, 2022. Cullumber decides to redeem these bonds at 104 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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