On July 1, Aloha Company exercises a call option that requires Aloha to pay $346,800 for its outstanding bonds that have a carrying value of $349,000 and a par value of $340,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. Note: Enter debits before credits. Date: July 01 Record entry General Journal Clear entry Debit Credit View general Journal

On July 1, Aloha Company exercises a call option that requires Aloha to pay $346,800 for its outstanding bonds that have a carrying value of $349,000 and a par value of $340,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. Note: Enter debits before credits. Date: July 01 Record entry General Journal Clear entry Debit Credit View general Journal

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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