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On January 1, 2020, Shamrock Incorporated redeemed bonds prior to their maturity date of January 1, 2021. The face value of the bonds was $400,000,

On January 1, 2020, Shamrock Incorporated redeemed bonds prior to their maturity date of January 1, 2021. The face value of the bonds was $400,000, and the redemption was performed at 99. As at the redemption date, the unamortized premium was $9,790. Prepare the corporations journal entry to record the redemption of the bonds.

Account Titles and Explanation

Debit

Credit

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

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