Dechow, Inc., issued ($ 225,000) of (8 %), 15 -year bonds at 96 on July 1,2009 .
Question:
Dechow, Inc., issued \(\$ 225,000\) of \(8 \%\), 15 -year bonds at 96 on July 1,2009 . Interest is payable semiannually on December 31 and June 30. Through June 30, 2014, Dechow amortized \$3,000 of the bond discount. On July 1, 2014, Dechow retired the bonds at 101. Use the financial statement effects template to illustrate the bond retirement.
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Related Book For 
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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