Question: Multiple Choice Question 85 Multiple Choice Question 85 Bramble Corp. retires its $460000 face value bonds at 102 on January 1, following the interest. The

Multiple Choice Question 85 Multiple Choice Question 85 Bramble Corp. retires its $460000 face value bonds at 102 on January 1, following the interest. The carrying value of the bonds at the redemption date is $442750. redemption will include a The entry to record the O credit of $17250 to Loss on Bond Redemption. O debit of $9200 to Premium on Bonds Payable. O debit of $26450 to Gain on Bond Redemption. O credit of $17250 to Discount on Bonds Payable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Bramble Corp. retires its $460000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $442750. The entry to record the...

Question 35 of 40 View Policies -/1 Current Attempt in Progress Bramble Corp. retires its $720000 face value bonds at 103 on January 1, following the payment of interest. The carrying value of...

Please both for thumbs up Sheffield Corp. retires its $500000 face value bonds at 103 on January 1 , following the payment of interest. The carrying value of the bonds at the redemption date is...

QUESTION 1 The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2010, contained the following accounts. 5-year Bonds Payable 8% $1,500,000 Bond Interest Payable 50,000...

Question 18 Hogan Company has $1,000,000 of bonds outstanding. The unamortized premium is $14,400. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? $10,000...

Multiple Choice Question 62 On January 1, 2018, Marigold Corp. granted Di Williams, an employee, an option to buy 400 shares of Marigold Co. stock for $30 per share, the option exercisable for 5...

Multiple Choice Question 85 Oriole Corporation acquired a patent on May 1 should be debited to the patent account? 2017. Ori le paid cash of $93000 tothe seller. Legal fees or 2600 were paid related...

three multiple questions thanks Question 35 Which of the following is true when the effective-interest method is used to amortize bond premium or discount, a. the periodic amortization will increase...

Translate 13. Which of the following should be incorporated into a persuasive message to make it as effective as possible? (2 points) Demographics Audience's interest in being motivated Audience's...

On April 1, 2006, US Ultracom issued 7%, 10-year bonds payable with maturity value of $400,000. The bonds pay interest on March 31 and September 30, and US Ultracom amortizes premium and discount by...

Find the distance between the two parallel lines 3 x - 4 y + 9 = 0 and 6 x - 8 y - 17 = 0.

How to solve On December 3 1 , 2 0 2 4 , Sunland Company finished consulting services and accepted in exchange a promissory note with a face value of $ 4 7 0 , 0 0 0 , a due date of December 3 1 , 2...

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

consider how quantitative data can contribute to your research;

draw appropriate conclusions based on your data.

make sense of basic terminology used in quantitative data analysis;