Assume that on February 27, 2011, Rite Aid repurchased the 9.5% senior notes due in...
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Accounting
Assume that on February 27, 2011, Rite Aid repurchased the 9.5% senior notes due in June 2017 for $797,769. Prepare the journal entry to record this transaction.
Original purchase information:
9.5% senior notes due June 2017 ($810,000 face value less unamortized discount of $8,130 and $9,431)
2011: 801,870
2010: 800,569
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