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pls reply fast and accurate On 31 December 20X7, a company has the following bond on the statement of financial position: Bond payable, ?, interest
pls reply fast and accurate
On 31 December 20X7, a company has the following bond on the statement of financial position: Bond payable, ?, interest due seni-annually on 31 Dec. and 30 June; maturity date, 30 June 2011 Premiun on bonds payable 36,600,000 55,440 36,655,600 On 28 February 20x8, 20% of the bond was retired for $1,452.000 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 $530, representing amortization on the retired debt only Required: Provide the entries to record the bond interest on 28 February and the bond retirement of no entry is required for a trenonction/event select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) V Journal entry worksheet 1 2 Record the entry to update interest expense and amortization UUSULWEIHILOLE WOTELULUI OLEH UJU representing amortization on the retired debt only Required: Provide the entries to record the bond interest on 28 February and the bond retirement (no entry is required for transactionevent, select "No journal entry required in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) View transaction Kit Journal entry worksheet Record the entry to update interest expense and amortization, General Journal Debit Credit Prey 12 14 !!! SS Step by Step Solution
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