Redemption of bonds payable A $1,200,000 bond issue on which there is an unamortized premium of $63,956 deemed for $1,250,000. Journalize the redemption of the bonds.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter11: Liabilities: Bonds Payable
Section: Chapter Questions
Problem 11.6BE: Redemption of bonds payable A 500,000 bond issue on which there is an unamortized premium of 67,000...
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Redemption of bonds payable

A $1,200,000 bond issue on which there is an unamortized premium of $63,956 deemed for $1,250,000. Journalize the redemption of the bonds.

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