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The balance sheet of River Electronics Corporation as of December 31,2023 , Included 12.25% bonds having a face amount of $90 million. The bonds had
The balance sheet of River Electronics Corporation as of December 31,2023 , Included 12.25% bonds having a face amount of $90 million. The bonds had been Issued in 2016 and had a remaining discount of $3 million at December 31, 2023. On January 1, 2024, River Electronics called the bonds before thelr scheduled maturity at the call price of 102 Requlred: Prepare the Journal entry by River Electronics to record the redemption of the bonds at January 1, 2024. Note: If no entry is requlred for a transaction/event, select "No journal entry requlred" In the first account fleld. Enter your answers In whole dollars. Journal entry worksheet Note: Enter debits betore credits
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