The balance sheet of River Electronics Corporation as of December 31,2023, included 11.50% bonds having...
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Accounting
The balance sheet of River Electronics Corporation as of December included bonds having a face amount of $ million. The bonds had been issued in and had a remaining discount of $ million at December On January River Electronics called the bonds before their scheduled maturity at the call price of
Required:
Prepare the journal entry by River Electronics to record the redemption of the bonds at January
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in whole dollars.
Journal entry worksheet
Record the redemption of the bonds.
Note: Enter debits before credits.
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