Question
Redemption of Bonds Payable A $860,000 bond issue on which there is an unamortized premium of $76,000 is redeemed for $809,000. Journalize the redemption of
Redemption of Bonds Payable
A $860,000 bond issue on which there is an unamortized premium of $76,000 is redeemed for $809,000.
Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
Bonds Payable: ________ _________
Premium on Bonds Payable: _________ _________
Gain on Redemption of Bonds __________ _________
Cash: _________ __________
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
