Current Attempt in Progress

Pharoah Company issued bonds with a face amount of $$1,660,000$ in $2015.$ As of January $1,2020,$ the balance in Discount on Bonds

Payable is $$4,000.$ At that time, Pharoah redeemed the bonds at $101.$

Assuming that no interest is payable, make the entry to record the redemption. $($Credit account titles are automatically indented when the

amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

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List of Accounts