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On 8/1/20, World Series Inc. paid $36 of interest on the bonds and bought back $100 of the bonds with no resulting gain or loss

On 8/1/20, World Series Inc. paid $36 of interest on the bonds and bought back $100 of the bonds with no resulting gain or loss on this repurchase. Note that Bonds Payable and Interest Payable are listed in the Balance Sheet. Below, please record the impact of the interest payment and the bonds' repurchase in the transaction template (in respective tables).

Please fill out these boxes:

for ALL of these boxes, you can choose - which indicates that none of the answers are applicable

Interest Payment part of the transaction:

cash asset box: -100, -64, -36, -21, -15, 15, 21, 36, 64, 100

Non-cash assets box 1: -100, -64, -36, -21, -15, 15, 21, 36, 64, 100

Non-cash assets box 2: Bonds payable, Interest expense, interest payable, prepaid interest, retained earnings

Liabilities box 1:--100, -64, -36, -21, -15

Liabilities box 2: Bonds payable, Interest expense, interest payable, prepaid interest, retained earnings

contrib capital box 1: -100, -64, -36, -21, -15

contrib capital box 2: Bonds payable, Interest expense, interest payable, prepaid interest, retained earnings

earned capital box 1: -100, -64, -36, -21, -15, 15, 21, 36, 64, 100

earned capital box 2: Bonds payable, Interest expense, interest payable, prepaid interest, retained earnings

Revenues box 1: 100, 64, 36, 21, 15

Revenues box 2: Interest expense, interest payable, prepaid interest, retained earnings

Expenses. box 1: 100, 64, 36, 21, 15

Expenses. box 2: Interest expense, interest payable, prepaid interest, retained earnings

Net income: -100, -64, -36, -21, -15

Bonds' Repurchase part of the transaction:

cash asset box: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

Non-cash assets box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

Non-cash assets box 2: Additional paid in capital, Bonds payable, Common stock, retained earnings, Treasury stock

Liabilities box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

Liabilities box 2: Additional paid in capital, Bonds payable, Common stock, retained earnings, Treasury stock

contrib capital box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

contrib capital box 2: Additional paid in capital, Bonds payable, Common stock, retained earnings, Treasury stock

earned capital box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

earned capital box 2: Additional paid in capital, Bonds payable, Common stock, retained earnings, Treasury stock

Revenues box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

Revenues box 2: Bonds repurchase gain, bonds repurchase loss

Expenses. box 1: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

Expenses. box 2: Bonds repurchase gain, bonds repurchase loss

Net income: -100, -85, -64, -36, -21, -15, 15, 21, 36, 64, 85, 100

image text in transcribedimage text in transcribed On 8/1/20, World Series Inc. paid $36 of interest on the bonds and bought back $100 of the bonds with no resulting gain or loss on this repurchase. Note that Bonds Payable and Interest Payable are listed in the Balance Sheet. Below, please record the impact of the interest payment and the bonds' repurchase in the transaction template (in respective tables). Interest Payment part of the transaction: Bonds' Repurchase part of the transaction

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