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HELLO IF YOU PREVIOUSLY TRIED TO ANSWER THIS ALL INFORMATION SHARED WAS EMPTY. CAN YOU PLEASE TRY AGAIN? 1. Ivanhoe Corporation redeemed $136,000 face value,
HELLO IF YOU PREVIOUSLY TRIED TO ANSWER THIS ALL INFORMATION SHARED WAS EMPTY. CAN YOU PLEASE TRY AGAIN?
1. Ivanhoe Corporation redeemed $136,000 face value, 13% bonds on June 30,2022 , at 102 . The carrying value of the bo the redemption date was $123,500. The bonds pay annual interest, and the interest payment due on June 30 , 2022 , ha made and recorded. 2. Tastove Inc. redeemed $148,000 face value, 10.00% bonds on June 30,2022 , at 98 . The carrying value of the bonds at redemption date was $150,350. The bonds pay annual interest, and the interest payment due on June 30 , 2022, has be made and recorded. For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds. (Credit account automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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