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Solar Energy Inc. issued a $909,000,9.5%, five-year bond on October 1, 2023. Interest is paid annually each October 1 . Solar's yearend is December 31
Solar Energy Inc. issued a $909,000,9.5%, five-year bond on October 1, 2023. Interest is paid annually each October 1 . Solar's yearend is December 31 . Assume that interest has already been paid on October 1, 2026. Required: Using the amortization schedule provided above, record the entry to retire the bonds on October 1,2026 , for cash of: a. $885,500 b. $893,329 c. $895,900 Journal entry worksheet Rernet the retirement of hnod for \$885 500 1 Record the retirement of bond for $885,500. 2 Record the retirement of bond for $893,329. 3 Record the retirement of bond for $895,900. Note : O journal entry has been entered
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