Redemption of Bonds Issued at a Premium

Brighton Unlimited sold bonds at a premium for $819,000 (premium of $39,000) eight years ago.

1. The corporation redeems $78,000 of this issue at 98. The unamortized premium is $780.
2. The corporation redeems $117,000 of this issue at 102. The unamortized premium is $1,170.

Prepare journal entries to record the redemption in (a) and (b). If an amount box does not require an entry, leave it blank.

) E v2.cengagenaw.cum C; o m ElI Dmmmawmmmmmm mmmrmr... ACC1020 Module 5 Engagement Exercl egook Vldeu Calculalur ' , 1. EX.22.UA.AIQO . Redemptlnn of Bonds Issued at a Premium 2' EX.22.03A.AIQO . Brighton Unlimited said hands at a premlum for $819,000 (premium of $39,000) elght years ago. . a. The corporation redeems $78,000 of this issue at QB. The unamnrrized premium is $730. 3' EX'ZE'MA'AIQO h. The corporation redeems $117,000 of this lssue at 102. The unamortlzed premlum is $1,170. 4' EX.22.02A.AIgO . Prepare journal entrles to record the redemptlon in (a) and (D). If an amount bnx does not require an entry, leave it blank. 5' EX'ZZUA-NQO \" Accoum'n'ma \":3 pg; DEBIT CREDIT Bands P able 5. EX.22.01A.AIQO 0 L C] l:] Premium on Bonds Payable :] [:] has on Bonds Redeemed C] C] can :1 [:1 Check M Work 1 more check M Work uses remalnln . Progress: 1l6 Item: y g lgnlllenl Score: 0.0% Save and Exit Submit Assignment For Grading ) E v2.cengagenaw_cum C; o m ElI Dmmmm|mmmmm mmmrml... ACC1OZO Module 5 Engagement Exercl egook Calculeuor 1' EX'ZZ'UEAAIQO . \"13' "0115 General Journal 2' EXZZOEAAIQO 0 In\"! General Journal 3' EX'22'04A.Algo ' 7 F0 _ Band 1. Prepare Journal entrla r. ' C 4' EX2202AAIQO Seatta' Issuer-me of the bands at e dlsmunt. 5' EX'ZZUEAJNQO . Date In. Interest payment and dlsmunt amortizatlon on the bands on September 3|]. Princ c. Year-end adjustment on the hands. 5' EX'ZZ'UWAAIQO . If an amount box dues not require an entry, leave it blank. Page: DOC. POSY. DATE ACCOUNT TITLE N0. REF. DEBIT CREDIT V [:1 [:1 v C] C] Program: 2'6 Item: - more check MyWork use: remalnlng. ( Previous Next ) lgnlllanl Score: 0.0% Save and Exl't Suhmt Assignment For Grad'mg