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How do you figure the loss on Bond redemption for the following
if a corporation retired $130,000 face value, 12% bonds on June 30,2005, at 102. The carrying value of the bonds at redemption date was $117,500. The bonds pay semiannual interest, and interest payment due on June 30,2005, has been made and recorded. What would the entries be for the two Debits and credits and how did those numbers come about
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