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Instructions Hill Corporation issued $ 2 , 1 0 0 , 0 0 0 of 8 % bonds at 9 8 on January 2 ,
Instructions
Hill Corporation issued $ of bonds at on January Interest is paid semiannually on June and December The bond had a year life from the date of issue, and the company uses the straightline method of amortization. On March Hill recalls the bon at the call price of plus accrued interest.
Required:
Prepare the journal entries to record the reacquisition recall of Hill's bonds.
Redemption of Bonds Prior to Maturity
I dont know if the general journal entries are correct but i really need help ASAP!!
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