On june the 1st 2016 falcon corp decided to repurchase its 10,000,000, 8% bond issue, maturing in 2023. the market price for the bonds on june 1st was 98. The carrying value at the time fof repurchase was 10,230,000. Make journal entries for repurchase of the bonds.
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On june the 1st 2016 falcon corp decided to repurchase its 10,000,000, 8% bond issue, maturing in 20...
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