Warson Company issued $300,000 of 9% term bonds On Jan.1, 2018, due on Jan.1, 2023. Interest is Paid Semiannually July1, and Jan.1. at the date of issuance the effective Interest Rate 10%. Compute the Gain or Loss from Bonds Retirement at Jan.2,2020, if it was retired in exchange of Building has book value of $290,000 and fair value of $305,000. Compute Gain or loss from Building Retiring?

On. Jan1, 2020, Sonar Company Purchase land by issuing 3 years, $90,000 zero bearing interest note when the effective interest rate is 8%. Compute Carrying Value of Note on Jan.1, 2021

Question 15 Not yet answered Marked out of 6 p Flag question Journalize The following Entries Q1 to record sales Q3 to record payroll payment and deduction payables and SS expense Q12 and Q13 to record Bonds Retirement A BI $ US X, X Entry# Accounts Dr CR Q1 Question 15 Not yet answered Marked out of 6 p Flag question Journalize The following Entries Q1 to record sales Q3 to record payroll payment and deduction payables and SS expense Q12 and Q13 to record Bonds Retirement A BI $ US X, X Entry# Accounts Dr CR Q1