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fale a ABC Company retired bonds with amount of $1,000,000 paying $800,000 in the cash. Prepare the journal entry to record retirement of these bonds ABC Company retired bonds with a face amount of $1,000,000 paying $1,200,000 in cash. Prepare the journal entry to record the retirement of these bonds.

fale a ABC Company retired bonds with amount of $1,000,000 paying $800,000 in the cash. Prepare the journal entry to record retirement of these bonds ABC Company retired bonds with a face amount of $1,000,000 paying $1,200,000 in cash. Prepare the journal entry to record the retirement of these bonds.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company retired bonds with a face amount of $1,000,000 paying $800,000 in cash. Prepare the journal entry to record the retirement of these bonds ABC Company retired bonds with a face amount of $1,000,000 paying $1,200,000 in cash Prepare the journal entry to record the retirement of these bonds.
Transcribed Image Text:ABC Company retired bonds with a face amount of $1,000,000 paying $800,000 in cash. Prepare the journal entry to record the retirement of these bonds ABC Company retired bonds with a face amount of $1,000,000 paying $1,200,000 in cash Prepare the journal entry to record the retirement of these bonds.
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