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Question 31 of 40 -11 Long-term as $2.100,000 Bonds payable tense Discount on bonds payable 147.000 $1.953.000 Ivanhoe decides to redeem these bonds at 100
Question 31 of 40 -11 Long-term as $2.100,000 Bonds payable tense Discount on bonds payable 147.000 $1.953.000 Ivanhoe decides to redeem these bonds at 100 after paying and interest. Prepare the journal entry to record the redemption on July 1.2020. (Onde account titles are automatically indented when amount le entrend. De not indent mort) Debit Credit Date Account Titles and Explanation 2100000 July 1 donds Payable Loss on Bond Redemotion 2300000 Cash Discount on Bonds Payable 11:03
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