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O P1, PA, P5, P6 Problem 14 10AB Effective Interest Amortization of bond, retiring bonds t The hoilowang information applies to the questions displayed below
O P1, PA, P5, P6 Problem 14 10AB Effective Interest Amortization of bond, retiring bonds t The hoilowang information applies to the questions displayed below kessues sn0000 of 9%, three year bonds dated January t 2017, that payinterest semiannually on June 30 and December 3t They are issued at $112.881. Their market rate is 8% at the issue date Problem 14-10AB Part 5 5. Prepare the journal entry to record the bonds' retirement on January 1.2019, at 98. 1 Jan 01, 2019 Bonds payable 110.00 Cash 107800 Gain on retiremant of bonds payable
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