Hillary Corporation issues $3,000,000 of 11% bonds at 97 on January 2, year 1. Interest paid semiannually on June 30 and December 31. The bonds had a 10 year life from the date os issue, and the company uses the straight line depreciation method of amortization. On March 31, year 4, Hill recalls the bonds at the call price of 108 plus accrued interest. Required: Prepare the journal entries to record the reacquisition (recall) of Hill's bonds.

Year 4. Hill recalls the bonds at the call price of 108 plus accrued interest Required: Prepare the joumal entines to record the reacquistion (recal) of Hill's bonds Prepare the journal entries to record the reacquisition (recall) of Hill's bands on March 31, Year 4. General Journal Instructions How does grading work