When bonds are redeemed at a loss, the journal entry would require a credit to Extraordinary Loss on Early Extinguishment of Debt.

Name: When bonds are redeemed at a loss, the journal entry would require a credit to Extraordinary Loss on Early Extinguishment of Debt.
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When bonds are redeemed at a loss, the journal entry would require a debit to Extraordinary Loss on Early Extinguishment of Debt, not a credit.

When Bonds Are Redeemed at a Loss, the Journal Entry