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Homework answers / question archive / Camden Inc
Camden Inc. issued $450,000 of 8%, 15-year bonds at 96 on July 1, 2012. Interest is payable semiannually on December 31 and June 30. Through June 30, 2014, Camden amortized $6,000 of the bond discount. On July 1, 2017, Camden retired the bonds at 101. Use the financial statement effects template to illustrate the bond retirement.
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