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The December 31, 2017, balance sheet of Ming Inc. included 10% bonds with a face amount of $93 million. The bonds were issued in 2005
The December 31, 2017, balance sheet of Ming Inc. included 10% bonds with a face amount of $93 million. The bonds were issued in 2005 and had a remaining discount of $2,700,000 at December 31, 2017. On January 1, 2018, Ming called the bonds at a price of 101. Required: Prepare the journal entry by Ming to record the retirement of the bonds on January 1, 2018. (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 Record the retirement of the bonds on January 1, 2018. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2018 Record entry Clear entry View general journal
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