On July 31, 2016 Ernst Corporation called (i.e. redeemed) $10,000,000 par value of bonds payable at 103%
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Question:
On July 31, 2016 Ernst Corporation called (i.e. redeemed) $10,000,000 par value of bonds payable at 103% of par value. At that time the bonds had an unamortized discount of $145,000. Prepare the journal entry to redeem these bonds.
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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