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Whitewater Rafting Ltd redeemed $130,000 face value. 12% debentures on 30 June 2016 at 102. The carrying amount of the debentures at the redemption
Whitewater Rafting Ltd redeemed $130,000 face value. 12% debentures on 30 June 2016 at 102. The carrying amount of the debentures at the redemption date was $130,000. The debentures pay half-yearly interest, and the interest payment due on 30 June 2016 has been made and recorded. (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Journal entries Debit Credit Date Account and explanation June 30
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