Redemption of Bonds PayableA $1,900,000 bond issue on which there is an unamortized premium of $101,264 is redeemed for $1,979,000.Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A $1,900,000 bond issue on which there is an unamortized premium of $101,264 is redeemed for $1,979,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.