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The long - term llability section of Eastem Post Corporation's balance sheet as of December 3 1 , 2 0 2 3 , Included 8
The longterm llability section of Eastem Post Corporation's balance sheet as of December Included bonds having a face amount of $ million and a remaining premium of $ million. On January Eastern Post retired some of the bonds before thelr scheduled maturity.
Required:
Prepare the journal entry by Eastem Post to record the redemption of the bonds under each of the Independent clrcumstances below:
Eastem Post called half the bonds at the call price of of face amount
Eastem Post repurchased $ million of the bonds on the open market at thelr market price of $ million.
Complete this question by entering your answers in the tabs below.
Recond the entry for redemption of the bonds assuming Eastern Post called half the bonds at the call price of of face amount
Notel If no entry is required for a transactionevent select No joumbl entry required" in the first account field. Enter your answers in whole dollars.
Journal entry worksheet
Record the redemption of the bonds.
tableDateGeneral Journal,Debit,CreditJan uary
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