An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000.Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles. Journal3. BE 11.03 ALGO4. BE 11.05 ALGOJournalize the redemption of the bonds on December 31. Refer to the Chart of Accounts for exact wording of account stes.5. BE 11.06. BLANKSHEETPAGE6. EX 11.01JOURNALACCOUNTING EQUATION7. EX 11.02 ALGOPOST. RE.DATEDESCRIPTIONDEBITCREDITASSETSLIABLITIESEQL8. EX 11.03 ALGO9. EX 11.05 ALGO10. EX.11.0711. EX 11.1512. PR.11.01A BLANKSHEET13. PR 11.02A BLANKSHEET

Given: Bond payable $800,000; Unamortized premium $57,000; and proceeds from redemption of bond is…

An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.

An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.

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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