A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $473,000. Journalize the redemption of the bonds.If an amount box does not require an entry, leave it blank. Bonds Payable fill in the blank 2fill in the blank 3 Discount on Bonds Payable fill in the blank 5fill in the blank 6 Gain on Redemption of Bonds fill in the blank 8fill in the blank 9 Cash fill in the blank 11

Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Answered: A $500,000 bond issue on which there is…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter22: Corporations: Bonds

Section: Chapter Questions

Problem 10SPA

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A $500,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $473,000. Journalize the redemption of the bonds.

If an amount box does not require an entry, leave it blank.

Bonds Payable	fill in the blank 2	fill in the blank 3
Discount on Bonds Payable	fill in the blank 5	fill in the blank 6
Gain on Redemption of Bonds	fill in the blank 8	fill in the blank 9
Cash	fill in the blank 11

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