Question: The <a href=12/31/2012 Balance Sheet of ABC Corp. reported 12% bonds payable with a face amount of $100 m…” />

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Show transcribed image text The 12/31/2012 Balance Sheet of ABC Corp. reported 12% bonds payable with a face amount of $100 million. The bonds were issued in 2000 and had a remaining discount of $3, 400,000 at 12/31/2012. On 01/01/2013, ABC Corp. called the bonds at a price of 102. What entry will ABC make on 01/01/2013 to retire the bonds?

The 12/31/2012 Balance Sheet of ABC Corp. reported 12% bonds payable with a face amount of $100 million. The bonds were issued in 2000 and had a remaining discount of $3, 400,000 at 12/31/2012. On 01/01/2013, ABC Corp. called the bonds at a price of 102. What entry will ABC make on 01/01/2013 to retire the bonds?

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