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Prepare corporation journal entry to record reacquisition

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Reference no: EM132592482

Question - On January 1, 2017, Larkspur Corporation redeemed $630,000 of bonds at 98. At the time of redemption, the unamortized premium was $18,900.

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

Reference no: EM132592482

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