A company retired 62 million of its 6 bonds at 105 651
Question - A company retired $62 million of its 6% bonds at 105 ($65.1 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $2 million.
Prepare the journal entry to record the redemption of the bonds.
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question - a company retired 62 million of its 6 bonds at 105 651 million before their scheduled maturity at the time
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