Question
The Middletown HS, 8% bonds of $100,000 issued on Jan. 1, 2016, are recalled at 103 on Dec. 31, 2017. The balance in the discount
The Middletown HS, 8% bonds of $100,000 issued on Jan. 1, 2016, are recalled at 103 on Dec. 31, 2017. The balance in the discount account at the time of the recall is $1,817.
Record the journal entry for the recall of the bond.
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
