Queen Company issued bonds with a face amount of $2,000,000 in 2012. As of January 1, 2015,
Fantastic news! We've Found the answer you've been seeking!
Question:
Queen Company issued bonds with a face amount of $2,000,000 in 2012. As of January 1, 2015, the balance in Discount on Bonds Payable is $6,000. At that time, Queen redeemed the bonds at 102.
Assuming that no interest is payable, make the entry to record the redemption.
Posted Date: