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QUESTION
Issued $100,000 of 30 year bonds at a premium. Prior to maturity, when the carrying value of the bonds was $105,000 scott retired the bonds at 102.
Issued $100,000 of 30 year bonds at a premium. Prior to maturity, when the carrying value of the bonds was $105,000 scott retired the bonds at 102. Prepare the journal entries for redemption of the bond.
