FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please fill pictures out: Tyrell Company Issued callable bonds with a par value of $16,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $16,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option Is exerased after the semannual interest Is paid the day before on June 30. Record the entry to retire the bonds under each separate situation 1. The bonds have a carrying value of $13,500. 2 The bonds have a carrying value of $17,000.
View transaction et
Journal entry worksheet
<
1
Record the retirement of the bonds assuming the bonds have a carrying value
of $13,500.
2
Note: Enter debits before credits.
Date
July 01
Record entry
General Journal
Clear entry
Debit
Credit
View general Journal
expand button
Transcribed Image Text:View transaction et Journal entry worksheet < 1 Record the retirement of the bonds assuming the bonds have a carrying value of $13,500. 2 Note: Enter debits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general Journal
View transaction Bat
Journal entry worksheet
1
Record the retirement of the bonds assuming the bonds have a carrying value
of $17,000.
2
Note: Enter cebits before credits.
Date
July 01
Record entry
General Journal
Clear entry
Debit
Credit
View general Journal
expand button
Transcribed Image Text:View transaction Bat Journal entry worksheet 1 Record the retirement of the bonds assuming the bonds have a carrying value of $17,000. 2 Note: Enter cebits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general Journal
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