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Dechow, Inc., issued $300,000 of 8%, 15-year bonds at 96 on July 1, 2015. Interest is payable semiannually on December 31 and June 30. Through
Dechow, Inc., issued $300,000 of 8%, 15-year bonds at 96 on July 1, 2015. Interest is payable semiannually on December 31 and June 30. Through June 30, 2022, Dechow amortized $3,823 of the bond discount. On July 1, 2022, Dechow will retire the bonds at 101. Record the issue and retirement of these bonds in the financial statement effects template. (Assume the June interest expense has already been recorded.)
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