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The balance sheet for Ivanhoe Company reports the following information on July 1,2025. Ivanhoe decides to redeem these bonds at 109 after paying annual interest.
The balance sheet for Ivanhoe Company reports the following information on July 1,2025. Ivanhoe decides to redeem these bonds at 109 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credlt entries, Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount bithes and enter 0 for the amounts. Prepare the joumal entry to record the redemption on July 1, 2025. (Ust all debit entries before credit entrles: Credit occount tithes are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts)
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