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View Policies Show Attempt History Current Attempt in Progress Sunland Company issued $540,000 of bonds...

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Accounting

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View Policies Show Attempt History Current Attempt in Progress Sunland Company issued $540,000 of bonds on January 1, 2020. (a) Your Answer Correct Answer Your answer is partially correct. Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Cash 540000 bond 540000 e Textbook and Media (b) Prepare the journal entry to record the redemption of the bonds before maturity at 98. Assume the balance in Premium on Bonds Payable is $4,300. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit

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