on April 1 2018, company sold 10,000 bonds ($1,000 face value)at 11% semi-annually. they are due April 1 2028.
proceeds from the bonds were 9,156,946 and their coupon datesare april 1 and october 1
on april 1 2020 , the company bough back 6,000 bonds for5,331,000 cash.
- prepare journal entries for the bonds from sale (april 1, 2018to the end of year 2020 (12/31/20)
- what are the 12/31/20 balances in the related bonds, discount,and interest payable (from T accounts)
- what amounts related to the bonds will appear in the incomestatement for 2020 and how will they be reported/classified?
