Question
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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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
