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Wittebury Corporation retires its 5,000,000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying value of the bonds

Wittebury Corporation retires its 5,000,000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $5,187,250. The entry to record the redemption will include

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