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Chapter 11 Liabilities: Bonds Payable 549 BE 11-5 Premium amortization Obj. 2 Using the bond from Basic Exercise 11-4, journa

do these please can you also show formulas you use

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General Journal Debit Credit
Bonds Payable $500,000
Premium on Bonds Payable $67,000
Gain on Redemption of Bonds($500,000 + $67,000 - $490,000) $77,000
Cash $490,000
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