Question: Do It! Review 10-3b Your answer is partially correct. Try again. Pina Colade Corp. issued $496,000 of 12-year bonds at a discount. Prior to maturity,
Do It! Review 10-3b Your answer is partially correct. Try again. Pina Colade Corp. issued $496,000 of 12-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $481,120, the company redeemed the bonds at 98. Prepare the entry to record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit Premium on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable SHOW LEST OF ACCOUNTS
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