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The situation presented here are independent of each other. For each situation, prepare the appropriate journal entry for the of the bonds. Bridgeport Corp, redeemed
The situation presented here are independent of each other. For each situation, prepare the appropriate journal entry for the of the bonds. Bridgeport Corp, redeemed $148,000 face value, 11% bonds on April 30, 2017 at 102. The carrying value of the bonds at the redemption date was $133, 729. The bonds pay annual interest, and the interest payment due on April 30, 2017, has been made and recorded. redeemed $253,000 face value, 14.5% bonds on June 30, 2017 at 96. The carrying value of the bonds at the redemption date was pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded
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