On January 1 2009 Uncharted Waters Corporation Retired 600000 Of

On January 1, 2009, Uncharted Waters Corporation retired $600,000 of bonds at 99. At the time of retirement, the unamortized premium was $15,000 and unamortized bond issue costs were $5,250. Prepare the corporation’s journal entry to record the reacquisition of the bonds.

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