Buffalo Corp., a wholesaler of office furniture, issued $12,000,000 of 30-year, 8% callable bonds on April 1,
Question:
2006
Apr. 1. Issued the bonds for cash at their face amount.
Oct. 1. Paid the interest on the bonds.
2010
Oct. 1. Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.)
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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