Question
On September 1, 2022, GE retired a 3,000,000 Bond issue at 103. The Bonds had an 8% Stated Rate of Interest, a 10 year
On September 1, 2022, GE retired a 3,000,000 Bond issue at 103. The Bonds had an 8% Stated Rate of Interest, a 10 year maturity, and paid interest Semi-Annually. At the time of the Bond Retirement, Unamortized Bond Issue Costs were $15,000, and Unamortized Premium on Bonds Payable was $40,000. Prepare the journal entry to record the Bond Retirement on September 1, 2022.
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
