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View Police Current Attempt in Progress On March 1, 2017. Carla Vista Company sold 23,800 of its 8% 20-year $1.000 face value bonds at 96.
View Police Current Attempt in Progress On March 1, 2017. Carla Vista Company sold 23,800 of its 8% 20-year $1.000 face value bonds at 96. Interest payment dates are March 1 and September 1, and the company uses the straight-line method of bond discount amortization On February 1, 2018 Carla Vista took advantage of tavorable prices of its stock to extinguish 3,050 of the bonds by issuing 151,000 shares of its $1 par value common stock. At this time, the accrued interest was paid in cash. The company's stock was selling for $21.75 per share on February 1, 2018 Prepare the journal entries needed on the books of Carla Vista Company to record the following (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, es 38,548) ta March 1, 2017: Issuance of the bonds. 16) September 1, 2017: payment of semiannual interest la December 31, 2017: accrual of interest expense (d February 1, 2018: extinguishment of 3,00 bonds. (No reversing entries made.)
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