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need help asap Check A13-23 Debt Retirement (LO 13-7) At 31 December 20x8, Northern Resources Ltd reports the following on its statement of financial position

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Check A13-23 Debt Retirement (LO 13-7) At 31 December 20x8, Northern Resources Ltd reports the following on its statement of financial position Bonds payable, sx, interest payable semi-annually on 30 June and 30 December $8,400,000 Discount on bonds payable 420,00 $7.980,00 ces The effective interest rate, or market interest rate was 6% on issuance. On 1 March 20x9, 40% of the bond issue was bought back in the open market and retired at 101 plus accrued interest. The following table relates to 20x9 (numbers have been rounded) Amortization Schedule, Effective-Interest Method: Balance Interest Premium Unamortized Carrying Amount Period Cash Interest Expense Amortization reporting date(above) $420,000 $7,980,000 5210,000 $239,400 $29,400 210,000 240, 282 30,282 360,318 8,039,682 Interest Premium of Bands 398,600 8,009,400 1 2 Required: Provide the entries to record: 1. Interest paid to the date of retirement on the 40% of bond retired. (If no entry is required for a transaction/event, select "No journal

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