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Redemption of Bonds Payable A $860,000 bond issue on which there is an unamortized premium of $68,000 is redeemed for $765,000. Journalize the redemption of

Redemption of Bonds Payable

A $860,000 bond issue on which there is an unamortized premium of $68,000 is redeemed for $765,000.

Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

blank

Bonds PayableCashGain on Redemption of BondsInterest ExpenseInterest PayableNotes PayableBonds Payable

Bonds Payable Bonds Payable

CashInterest ExpenseInterest PayableGain on Redemption of BondsPremium on Bonds PayableNotes PayablePremium on Bonds Payable

Premium on Bonds Payable Premium on Bonds Payable

CashInterest ExpenseInterest PayableGain on Redemption of BondsPremium on Bonds PayableNotes PayableGain on Redemption of Bonds

Gain on Redemption of Bonds Gain on Redemption of Bonds

Bonds PayableCashInterest ExpenseInterest PayableNotes PayableCash

Cash Cash

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