Required information
Exercise Algo Record the early retirement of bonds issued at a premium LO
The following information applies to the questions displayed below.
On January White Water issues $ of bonds, due in years, with interest payable semiannually on
June and December each year. The market interest rate on the issue date is and the bonds issued at $
Exercise Algo Part
If the market interest rate increases to on December it will cost $ to retire the bonds. Record the retirement of
the bonds on December If no entry is required for a particular transactionevent select No Journal Entry Required" in
the first account field. Round your final answers to the nearest whole dollar.
Journal entry worksheet
Record the retirement of the bonds
Note: Enter debits before credits.
