Holthausen Corporation issued ($ 300,000) of (11 %), 20-year bonds at 106 on January 1, 2009. Interest
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Holthausen Corporation issued \(\$ 300,000\) of \(11 \%\), 20-year bonds at 106 on January 1, 2009. Interest is payable semiannually on June 30 and December 31. Through January 1, 2014, Holthausen amortized \(\$ 5,000\) of the bond premium. On January 1, 2014, Holthausen retired the bonds at 103 . Use the financial statement effects template to illustrate the bond retirement at January 1, 2014.
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Related Book For 
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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