On january 1 2017 monty corporation redeemed 640000 of


On January 1, 2017, Monty Corporation redeemed $640,000 of bonds at 99. At the time of redemption, the unamortized premium was $19,200. Prepare the corporation’s journal entry to record the reacquisition of the bonds.

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Financial Accounting: On january 1 2017 monty corporation redeemed 640000 of
Reference No:- TGS01594812

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