The balance sheet for Fogelberg Company reports the following information on July 1, 2014. Fogelberg decides to
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Fogelberg decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1,2014.
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FOGELBERG COMPANY Balance Sheet (partial) Long-term liabilities Bonds payable Less: Discount on bonds payable $2,000,000 45,000 $1,955,000
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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