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Prepare the corporation journal entry to record redemption

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Question - On January 1, 2020, Windsor Incorporated redeemed bonds prior to their maturity date of January 1, 2021. The face value of the bonds was $460,000, and the redemption was performed at 95. As at the redemption date, the unamortized premium was $8,030.

Prepare the corporation's journal entry to record the redemption of the bonds.

Reference no: EM132986692

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