Question: Im not sure if my answer is write eioinecon.comm.tpx lue 62 points Several years ago, Nicole Company issued bonds with a face value of $1,080,000
Im not sure if my answer is write eioinecon.comm.tpx lue 62 points Several years ago, Nicole Company issued bonds with a face value of $1,080,000 for $985,000 As a result of declining interest rates, the company has decided to call the bond at a call premium of 6 percent over par. The bonds have a current book value of $1,058,000. Record the retirement of the bonds, using a discount account (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the retirement of the bonds. Note: Enter debits before credits Debit Bonds payable
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