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Morten Corporation purchased $320,000 of its bonds on June 30.2012, at 102 and immediately retired them. The carrying value of the bonds on the retirement

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Morten Corporation purchased $320,000 of its bonds on June 30.2012, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $287,400. The bonds pay annual interest and the interest payment due on June 30, 2012, has been made and recorded. McEvoy, Inc., purchased $550,000 of its bonds at 96 on June 30,2012, and immediately retired them. The carrying value of the bonds on the retirement date was $535,000. The bonds pay annual interest and the interest payment due on June 30, 2012, has been made and recorded. Morten Corporation purchased $320,000 of its bonds on June 30.2012, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $287,400. The bonds pay annual interest and the interest payment due on June 30, 2012, has been made and recorded. McEvoy, Inc., purchased $550,000 of its bonds at 96 on June 30,2012, and immediately retired them. The carrying value of the bonds on the retirement date was $535,000. The bonds pay annual interest and the interest payment due on June 30, 2012, has been made and recorded

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