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A company retired $82 million of its 8% bonds at 108 ($86.1 million) before their scheduled maturity. At the time, the bonds had a remaining
A company retired $82 million of its 8% bonds at 108 ($86.1 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
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To record the redemption of the bonds we need to make two journal entries The first entry will elimi...
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
