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Make the entry to record the redemption of the bonds

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Problem 1: Assume that Carlos Corporation has issued its $100,000 bonds at premium. Carlos redeems these bonds at 103 after paying the semiannual interest. Assume also that the carrying value of the bonds at the redemption date is $101,607. Prepare the entry to record the redemption of the bonds.

Reference no: EM132718489

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