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On January 1, 2021, Hable Company had $500,000, 10% bonds payable outstanding with a book value $460,000. At that time, Hable retired 50% of
On January 1, 2021, Hable Company had $500,000, 10% bonds payable outstanding with a book value $460,000. At that time, Hable retired 50% of the bonds by purchasing them on the market for $220,000. Prepare the entry to record the bond retirement. Date 1/1/21 Account Debit Credit
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
