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Please Anwser ASAP ITS TIMED AND I WILL GIVE A RATING!! On 31 December 20X7, a company has the following bond on the statement of
Please Anwser ASAP ITS TIMED AND I WILL GIVE A RATING!! On 31 December 20X7, a company has the following bond on the statement of financial position: Dond payable, 71, Interest doo seni-annually on 31 Dec and 30 Junoj maturity date, 30 June 2011 Premiun on bonds payable $6,000,000 50.400 56,050,400 On 28 February 20x8, 20% of the bond was retired for $1,320,000 plus accrued interest to 28 February. Interest was paid on this date only for the portion of the bonds that were retired. Premium amortization was recorded on this date in the amount of $480, representing amortization on the retired debt only Required: Provide the entries to record the bond Interest on 28 February and the bond retirement (If no entry is required for a transaction/event, select "No Journal entry required" in the first account fields. Do not round Intermediate calculations. Round your answers to the nearest whole dollar amount.) View transaction lint Journal entry worksheet
Please Anwser ASAP ITS TIMED AND I WILL GIVE A RATING!!
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