Question
On July 31, 2016 Ernst Corporation called (i.e. redeemed) $10,000,000 par value of bonds payable at 103% of par value. At that time the bonds
On July 31, 2016 Ernst Corporation called (i.e. redeemed) $10,000,000 par value of bonds payable at 103% of par value. At that time the bonds had an unamortized discount of $145,000. Prepare the journal entry to redeem these bonds.
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
