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The Boiling Springs HS, 8% bonds of $100,000 issued on Jan. 1, 2019, are recalled at 104 on Dec. 31, 2021. The balance in the
The Boiling Springs HS, 8% bonds of $100,000 issued on Jan. 1, 2019, are recalled at 104 on Dec. 31, 2021. The balance in the discount account at the time of the recall is $3,500. < Record the journal entry for the recall of the bond. < Date+ Description+ Debit+ Credit+
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