Farmland Corporation issued ($ 400,000) of 10 -year bonds at a discount. Prior to maturity, when the
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Farmland Corporation issued \(\$ 400,000\) of 10 -year bonds at a discount. Prior to maturity, when the carrying value of the bonds was \(\$ 388,000\), the company redeemed the bonds at 99 . Prepare the entry to record the redemption of the bonds.
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Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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