If the market interest rate drops to 5% on december 31, 2022, it will cost $458,290 to retire the bonds. record the retirement of the bonds on december 31, 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. round your intermediate calculations to the nearest whole dollar amount.)
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If the market interest rate drops to 5% on december 31, 2022, it will cost $458,290 to retire the bo...
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