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Present the entry to record the early retirement of the bonds. Be sure to clearly present and label all supporting computations. a) Assume that a
Present the entry to record the early retirement of the bonds. Be sure to clearly present and label all supporting computations. a) Assume that a certain percentage of the Bonds Payable "A" bonds were called on 10/1/x3. Percentage of bonds called: 60% Call price: 102
Bonds Payable "A"
The bonds payable "A" $300,000(maturity date: 10/1/x6, with semiannual interest payments on 4/1 and 10/1) were issued at a premium on 10/1/x1. The stated interest rate is: 9% Straightline amortization is used for the bond issue costs and premium.
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