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Record the journal entry for the repurchase of the bond

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Reference no: EM132811049

Problem - Want had a $100,000 bond outstanding with a remaining discount of $1,600. The bond had a call option at 102. The bond was selling on the open market for $103,657. Want is not stupid. Record the journal entry for the repurchase of the bond?

Reference no: EM132811049

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