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Elwood Services has a Bonds Payable balance of $10,000 and Premium on Bonds Payable balance of $5,100. The company decided to retire the bonds
Elwood Services has a Bonds Payable balance of $10,000 and Premium on Bonds Payable balance of $5,100. The company decided to retire the bonds early paying $25,300 for the bonds. What is the journal entry to record the retirement of the bonds?
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To record the retirement of the bonds you would nee...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
