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undefined PROBLEM III: On January 1, 2017, Tandler Corporation issued a $4,000,000, 10-year, 6% bond at 97. On January 1, 2021 Tandler recalled the entire

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PROBLEM III:

On January 1, 2017, Tandler Corporation issued a $4,000,000, 10-year, 6% bond at 97. On January 1, 2021 Tandler recalled the entire bond issue at 101.

REQUIRED:

Make the necessary journal entry for January 1, 2021 the day the bond was retired.

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