Question
The December 31, 2016, balance sheet of James, LLP included 12% bonds with a face amount of $100 million. The bonds were issued in 2006
The December 31, 2016, balance sheet of James, LLP included 12% bonds with a face amount of $100 million. The bonds were issued in 2006 and had a remaining discount of $3,400,000 at December 31, 2016. On January 1, 2017, James called the bonds at a price of 102. Prepare the journal entry by Sydney to record the retirement of the bonds on January 1, 2017.
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Health Economics And Financing
Authors: Thomas E. Getzen, Michael S. Kobernick
6th Edition
1119815681, 9781119815686
