Annapolis Corporation paid $270,000 to retire bonds with a face value of $300,000 and a book value

Question:

Annapolis paid $270,000 to retire bonds with a of $300,000 and a book value of $290,000.
Prepare the worksheet entry (in journal entry format) to record the retirement of these bonds for Annapolis Corporation’s statement of cash flows.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...