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I only need help with section c! Analyzing Financial Statement Effects of Bond Redemption Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on

I only need help with section c!

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Analyzing Financial Statement Effects of Bond Redemption Holthausen Corporation issued $400,000 of 11%, 20-year bonds at 108 on January 1, 2013. Interest is payable semiannually on June 30 and December 31. Through January 1, 2019, Holthausen amortized $4,191 of the bond premium. On January 1, 2019, Holthausen retires the bonds at 103. Required a. Prepare journal entries to record the issue and retirement of these bonds. Date General Journal Description + Debit 432,000 Credit 0 01/01/13 Cash 0 400,000 32,000 + 0 01/01/19 Bonds payable 400,000 0 Rektangle Ship Bond premium + 27,809 0 Cash 0 412,000 Gain on retirement of bonds 0 15,809 b. Post the journal entries from part a to their respective T-accounts. Cash (A) Bonds Payable (L) Gain on Retirement of Bonds (R) 01/01/13 0 Bond Premium (L) 0 01/01/13 432,000 0 01/01/13 0 412,000 01/01/13 01/01/19 0 400,000 400,000 01/01/19 0 0 01/01/19 15,809 01/01/19 27,809 c. Record each of the transactions from part a in the financial statement effects template. Remember to use negative signs, when appropriate. Balance Sheet Income Statement Noncash Asset Transaction Cash Asset + = Liabilities + 0 = 0+ Contrib. Earned Capital + Capital 0+ Revenues - Expenses = Net Income 0 1/1/13 Issue bonds at a premium 0+ 0 0 = 0 1/1/19 Retire bonds issued on 1/1/13 0 0 = 0+ 0+ 0 0 = 0 Bonds payable Bond premium 0 32,000

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