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Redemption of Bonds Issued at Face Value Hugh Forest Products issued $ 8 0 0 , 0 0 0 in bonds at face value 1

Redemption of Bonds Issued at Face Value
Hugh Forest Products issued $800,000 in bonds at face value 10 years ago and has paid semiannual interest payments through the years
a. Assume the bonds are redeemed at face value.
b. Assume that $85,000 of the bonds are redeemed at 104.
c. Assume that $85,000 of the bonds are redeemed at 96.
Prepare journal entries to record (a),(b), and (c).
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