Assume that on July Cullumber Co redeems half of the bodns at a cost of $ plus accrued interst. Prepare the journal entryto record this redemptiontableABCDEPart aDateAccount titles,debit,credit,Cash,Premium on bonds payable,,Bonds Payable,,EPart bDateCash paid,Interest Exper,premium Amortization,Carrying Value of Bonds.
Part C
Assume that on July Cullumber Co redeems half of the bonds at a cost of $ plus accrue
Date interest. Prepare the journal entry to record this redemption.
Acct Titles
tableInterest Expense,Debit,CreditPremium on Bondspay,?,Cash
tableBonds Payable,?
