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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 108 after paying annual interest. Prepare

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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 108 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.) Date Account Titles and Explanation Debit Credit July 1

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