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ASAP , direct thumpsup ;) Question 21 The following section is taken from Riverbed Ltd.'s statement of financial position at December 31, 2016 Non-current liabilities

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Question 21 The following section is taken from Riverbed Ltd.'s statement of financial position at December 31, 2016 Non-current liabilities Bonds payable, 6%, due January 1, 2021 HK$17,520,000 Current liabilities Interest payable 1,051,200 Bond interest is payable annually on January 1. The bonds are callable on any interest date. (a) Journalize the payment of the bond interest on January 1, 2017 Assume that on January 1, 2017, after paying interest, Riverbed calls bondt having a face value of HK$5,800,000. The call price is 101. Record the redemption of the bonds (c) Prepare the entry to record the accrual of interest on December 31, 2017 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) NO Date ACC Titles and planation Credit Det (b) Jan. 1 (c)

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