Tyrell Company issued callable bonds with a par value of $$10,000.$ The call option requires Tyrell to pay a call premium of par $($or a total of $$10,500)$ to bondholders to retire the bonds. On July $1,$ Tyrell exercises the call option. The call option is after the semiannual interest is paid the day before on June $30.$ Record the entry to retire the bonds under each separat

The bonds have a carrying value of $$9,000.$

The bonds have a carrying value of $$11,000.$

Journal entry worksheet

$1$

$2$

Record the retirement of the bonds assuming the bonds have a carrying value of $$9,000.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Joumal,Debit,Credit$],[$July $01,,,],[,,,],[,,,],[,,,]]$

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