Question
On August 1, 2017, Alpha Company retired a $10,000 bond at 110. On July 31, 2017 Alpha had accrued the interest payment for $250. At
On August 1, 2017, Alpha Company retired a $10,000 bond at 110. On July 31, 2017 Alpha had accrued the interest payment for $250. At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's: (Round all dollar values to the nearest whole dollar.)
1. Gain or Loss on Retirement of Bond: enter any loss dollar & amount inside of brackets ( )
2. Cash paid to retire the bond issue
3. Amount of Interest Payable liquidated at retirement
4. Amount of Premium or Discount on Bond Payable liquidated at retirement
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