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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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
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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