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Delta Company issued bonds with a face amount of $1,500,000 in 2005

Accounting

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Delta Company issued bonds with a face amount of $1,500,000 in 2005. As of January 1, 2011, the unamortized discount on bonds payable is $4,800.  At that time, Delta redeemed the bonds at 101.

Instructions

Assuming that no interest is payable, make the entry to record the redemption.