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Several years ago, Walters Company issued a $604,000 bond at par value. As a result of declining interest rates, the company has decided to call
Several years ago, Walters Company issued a $604,000 bond at par value. As a result of declining interest rates, the company has decided to call the bond at a call premium of 6 percent. Record the retirement of the bonds.(Omit the "$" sign in your response.) |
General Journal | Debit | Credit |
(Click to select)Premium on bonds payableCashAccounts payableLoss on bond callAccounts receivableBond payableDiscount on bonds payableBond interest expense | ||
(Click to select)Bond payableLoss on bond callPremium on bonds payableAccounts payableCashDiscount on bonds payableAccounts receivableBond interest expense | ||
(Click to select)Premium on bonds payableBond payableBond interest expenseDiscount on bonds payableCashLoss on bond callAccounts receivableAccounts payable |
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