analyzing financial statement effects of bond redemption. Dechow, inc. , issued $225,000 of 8%, 15-year...
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analyzing financial statement effects of bond redemption. Dechow, inc. , issued $225,000 of 8%, 15-year bonds at 96 on july 1, 2009. interest is payable semiannually on december 31 and june 30.Through june 30, 2014, Dechow amortized $3000 of the bond discount. On july 1, 2014, Dechow retired the bonds at 101. Use the financial statement effects template to illustrate the bond retirement.
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