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Prepare the journal entry to record the redemption on july

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Reference no: EM131129771

The balance sheet for Lemay Company reports the following information on July 1, 2010.

Lemay decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journal entry to record the redemption on July 1,2010.  

Reference no: EM131129771

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Prepare the journal entry to record the redemption on july : Lemay decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journal entry to record the redemption on July 1,2010.
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