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Brief Exercise 9-18 (Algo) Record early retirement of bonds issued at a discount (LO9-6) Discount Pizza retires its 6% bonds for $50,000 before their scheduled maturity. At the time, the bonds have a face amount of $52,200 and a carrying value of $48,313. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the early retirement of bonds. >

Brief Exercise 9-18 (Algo) Record early retirement of bonds issued at a discount (LO9-6) Discount Pizza retires its 6% bonds for $50,000 before their scheduled maturity. At the time, the bonds have a face amount of $52,200 and a carrying value of $48,313. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the early retirement of bonds. >

FINANCIAL ACCOUNTING
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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Brief Exercise 9-18 (Algo) Record early retirement of bonds issued at a discount (LO9-6) Discount Pizza retires its 6% bonds for $50,000 before their scheduled maturity. At the time, the bonds have a face amount of $52,200 and a carrying value of $48,313. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the early retirement of bonds. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal >
Transcribed Image Text:Brief Exercise 9-18 (Algo) Record early retirement of bonds issued at a discount (LO9-6) Discount Pizza retires its 6% bonds for $50,000 before their scheduled maturity. At the time, the bonds have a face amount of $52,200 and a carrying value of $48,313. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the early retirement of bonds. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal >
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