please record entry without using a discount account Several years ago,...
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Accounting
please record entry without using a discount account
Several years ago, Nicole Company issued bonds with a face value of $1,140,000 for $1,015,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 6 percent over par. The bonds have a current book value of $1,112,000 Record the retirement of the bonds without using a discount account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
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