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A company retired $65 million of Its 6% bonds at 104 ($67.6 million) before their scheduled maturity. At the time, the bonds had a remaining
A company retired $65 million of Its 6% bonds at 104 ($67.6 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $2 million. Prepare the journal entry to record the redemption of the bonds. (Enter your answers in millions rounded to 1 decimal place (Le.. 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction et Journal entry worksheet
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