3.On January 1, a company retired $800,000 face value bonds at a call price of 103....

Transcribed Image Text:

3.On January 1, a company retired $800,000 face value bonds at a call price of 103. The bonds were originally issued for $848,000. On the retirement date the bonds had an unamortized premium of $28,352. The entry to retire the debt would include a: debit to bonds payable for $828,352 a. credit to cash for $853,203 38 84b. C. credit to gain for $4,352 d. credit to premium for $28,352 e. debit to loss for $52,203 Work aid mo 3.On January 1, a company retired $800,000 face value bonds at a call price of 103. The bonds were originally issued for $848,000. On the retirement date the bonds had an unamortized premium of $28,352. The entry to retire the debt would include a: debit to bonds payable for $828,352 a. credit to cash for $853,203 38 84b. C. credit to gain for $4,352 d. credit to premium for $28,352 e. debit to loss for $52,203 Work aid mo

Answer rating: 100% (QA)

The correct entries to retire the debt would be a Debit to Bonds Payable for 800000 This is the fa... View the full answer