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The December 31, 2020, balance sheet of Nagini inc. Included 12% bonds with a tace amount of $92 million. The bonds were issued in 2008
The December 31, 2020, balance sheet of Nagini inc. Included 12% bonds with a tace amount of $92 million. The bonds were issued in 2008 and had a remaining discount of $2,600,000 at December 31, 2020. On January 1, 2021 Nagini called the bonds at a price of 102 Prepare the journal entry by Nagini to record the retirement of the bonds on January 1, 2021. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your onswers in whole dollars.) View transaction is 3:01 Journal entry worksheet
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