Solution-Record the retirement of these bonds

Record the retirement of these bonds

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Reference no: EM13538520

McGregor Company had $300,000 in callable bonds in the open market. The company's bonds were selling in the open market at 106 and were callable at 107. The company decided to retire the bonds early. Make the necessary journal entry (or entries) to record the retirement of these bonds.

Reference no: EM13538520

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Record the retirement of these bonds

Reference no: EM13538520

Reference no: EM13538520

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