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Brief Exercise 9-16 Record early retirement of bonds issued at a discount (L09-6) Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity.

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Brief Exercise 9-16 Record early retirement of bonds issued at a discount (L09-6) Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face amount of $70,000 and a carrying value of $64,168. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the early retirement of bonds. Note: Enter debits before credits Transaction General Journal Debit Credit

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