How to record the early retirement of the bonds

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Reference no: EM132581701

Premium Pizza retires its 6% bonds for $70000 before their scheduled maturity. At the time, the bonds have a carrying value of $74437.

Question 1: How to Record the early retirement of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Reference no: EM132581701

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