retirement bonds

Project Description:

dec. 31, 2012 balance sheet of jones co. had following:
7.5% bonds payable due dec. 31, 2020 $1,600,000
unamortized discont on bonds payable $64,000.

bonds were issued on dec. 31, 2010 at 95 with interest payable on june 30 & dec. 31.

april 1, 2103, jones retired $320,000 of these bonds at 101 plus interest.

prepare journal entries to record above transactions, straightline amortization.
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Price Type: Negotiable

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