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The balance sheet of a company as of December 31, Year 8, included 13.25% bonds having a face amount of $90.4 million. The bonds
The balance sheet of a company as of December 31, Year 8, included 13.25% bonds having a face amount of $90.4 million. The bonds had been issued in Year 1 and had a remaining discount of $3.4 million at December 31, Year 8. On January 1, Year 9, the company called the bonds before their scheduled maturity at the call price of 104. Required: Prepare the journal entry by the company to record the redemption of the bonds at January 1, Year 9. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list Journal entry worksheet < 1 Record the redemption of the bonds. Note: Enter debits before credits. Date January 1, Year 9 General Journal Debit Credit Record entry Clear entry View general journal
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