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A company retired $78 million of its 8% bonds at 105 ($81.9 million) before their scheduled maturity. At the time, the bonds had a remaining
A company retired $78 million of its 8% bonds at 105 ($81.9 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $3 million. Prepare the journal entry to record the redemption of the bonds. (Enter your answers in millions rounded to 1 decimal place (i.e., 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 list Journal entry worksheet 1 > Record the redemption of the bonds. Note: Enter debits before credits. Event General Journal Debit Credit
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