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Tamarisk, Inc. had outstanding $ 5 , 7 0 0 , 0 0 0 of 1 1 % bonds ( interest payable July 3 1
Tamarisk, Inc. had outstanding
$ of bonds interest payable July and January due in years. On July it issued $ of year bonds interest payable July and January at A portion of the proceeds was used to call the bonds with unamortized discount of $ at on August
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. Record entries in the order displayed in the problem statement. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
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