Vasquez issued a $400,000 face value, 8%, 20-year bond at 95. Which of the following is the
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Vasquez issued a $400,000 face value, 8%, 20-year bond at 95. Which of the following is the correct journal entry to record the retirement of the bond at maturity?
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Date a. b. C. d. Accounts and Explanation Bonds Payable Cash Cash Bonds Payable Bonds Payable Cash Cash Bonds Payable Debit Credit 380,000 400,000 400,000 380,000 380,000 400,000 400,000 380,000
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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