question archive Carr Corporation retires its $500,000 face value bonds at 105 on January 1, following the payment of interest
Carr Corporation retires its $500,000 face value bonds at 105 on January 1, following the payment of interest
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Carr Corporation retires its $500,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $518,725. Required: Prepare the journal entry to record the redemption of the bonds.
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