The statement of financial position for Miley Consulting reports the following information on July 1, 2020. Non-current
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The statement of financial position for Miley Consulting reports the following information on July 1, 2020.
Non-current liabilities Bonds payable............................ £940,000
Miley decides to redeem these bonds at 101 (face value of bonds £1,000,000) after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2020.
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Bonds Payable 940000 Lo...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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