On January 1,2012,Ortiz Co.paid $100,000 to retire its bonds payable that matured on that date.Indicate the effects of retiring these bonds.

Name: On January 1,2012,Ortiz Co.paid $100,000 to retire its bonds payable that matured on that date.Indicate the effects of retiring these bonds.
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The Answer of On January 1,2012,Ortiz Co.paid $100,000 to retire its bonds payable that matured on that date.Indicate the effects of retiring these bonds.