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Business, 18.09.2019 00:20 markusblazer

At december 31, 2017 the following balances existed on the books of beerbo inc.: $1,200,000 bonds payable $168,000 discount on bonds payable $30,000 interest payable if the bonds are retired on january 1, 2018, at 102, what journal entry will beerbo inc. record for redemption? (assume any interest payment is recorded in a different journal entry) debit to the account in the amount of â­¡ bonds payable or cash â­¡ â­¡ (in $) â­¡ debit to the account in the amount of â­¡ loss on bond redemption or discount on bonds payable â­¡ â­¡ (in $) â­¡ credit to the account in the amount of â­¡ discount on bonds payable or bonds payable â­¡ â­¡ (in $) â­¡ credit to the account in the amount of â­¡ cash or loss on bond redemption â­¡ â­¡ (in $) â­¡

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