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M7-16.Stat 9 eBook Print Question 3 Not complete Marked out of 33.33 Flag question Analyzing Financial Statement Effects of Bond Redemption Camden Inc. issued $450,000
M7-16.Stat 9 eBook Print Question 3 Not complete Marked out of 33.33 Flag question Analyzing Financial Statement Effects of Bond Redemption Camden Inc. issued $450,000 of 8%, 15-year bonds at 96 on July 1, 2015. Interest is payable semiannually on December 31 and June 30. Through June 30, 2020, Camden amortized $6,000 of the bond discount. On July 1, 2020, Camden retired the bonds at 101. Use the financial statement effects template to record the bond retirement. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Note: Round your answers to the nearest whole dollar. Balance Sheet Liabilities Income Statement Expenses Cash Asset Noncash Assets Contrib. Capital Earned Capital Revenues = Net Income Transaction To retire bonds
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