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the question says redemption quarter Flying Owl Company sells parasailing equipment. On March 31, Flying Owl had the following accounts and balances: Bonds payable $150,000

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Flying Owl Company sells parasailing equipment. On March 31, Flying Owl had the following accounts and balances: Bonds payable $150,000 Discount on bonds payable 7,000 On that day, Flying Owl redeemed a quarter of the bonds in the market at 102. Prepare the journal entry to record the redemption. Round to the nearest whole dollar when necessary

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