Redemption of bonds payable A $1,200,000 bond issue on which there is an unamortized premium of $63,956 deemed for $1,250,000. Journalize the redemption of the bonds.
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Redemption of bonds payable
A $1,200,000 bond issue on which there is an unamortized premium of $63,956 deemed for $1,250,000. Journalize the redemption of the bonds.
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- BONDS ISSUED AT A DISCOUNT, REDEEMED AT A GAIN Ellis Co. issued the following bonds at a discount: REQUIRED Prepare journal entries for: (a) Issuance of the bonds. (b) Interest payment and discount amortization on the bonds on September 30, 20-1. (c) Year-end adjustment on the bonds for 20-1. (d) Reversing entry for the beginning of 20-2. (e) Redemption of 50,000 of the bonds on April 1, 20-4, at 96.BONDS ISSUED AT FACE VALUE Ramona Arroyo Co. issued the following bonds: REQUIRED Prepare journal entries for: (a) Issuance of the bonds. (b) Interest payment on the bonds on September 30, 20-1. (c) Year-end adjustment on the bonds for 20-1. (d) Reversing entry for the beginning of 20-2. (e) Interest payments on the bonds for 20-2 (March 31 and September 30). (f) Redemption at maturity.BONDS ISSUED AT FACE VALUE Ito Co. issued the following bonds REQUIRED Prepare journal entries for: (a) Issuance of the bonds. (b) Interest payment on the bonds on September 30, 20-1. (c) Year-end adjustment on the bonds for 20-1. (d) Reversing entry for the beginning of 20-2. (e) Interest payments on the bonds for 20-2 (March 31 and September 30). (f) Redemption at maturity.
- A Redemption of bonds payable A $1,500,000 bond issue on which there is an unaumortized discount of $70,100 is redeemed for $1,455,000. Journalize the redemption of the bonds.A Redemption of bonds payable A $1,500,000 bond issue on which there is an unamortized discount of$70,100 is redeemed for $1,455,000. Journalize the redemption of thebonds.Redemption of Bonds Payable A $1,900,000 bond issue on which there is an unamortized premium of $101,264 is redeemed for $1,979,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
- Redemption of bonds payableAn $800,000 bond issue on which there is an unamortized premium of $57,000 isredeemed for $785,000. Journalize the redemption of the bondsAn $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles.Redemption of Bonds Payable On December 31, a $1,950,000 bond issue on which there is an unamortized discount of $70,500 is redeemed for $1,908,400. Required: Journalize the redemption of the bonds. Refer to the chart of accounts for the exact wording of the account titles. JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4
- A $540,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for $446,000. Required: Journalize the redemption of the bonds.Instructions On December 31, a $1,000,000 bond issue on which there is an unamortized discount of $71,600 is redeemed for $948,500. Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles. Journal Journalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles. 1 2 3 4 DATE DESCRIPTION JOURNAL I POST. REF. DEBIT CREDIT ACCOUNTING ASSETS LIABILITRedemption of Bonds Payable A $950,000 bond issue on which there is an unamortized premium of $78,000 is redeemed for $802,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. accounts payable/bonds payable/cash/discounts on bonds payable/interest expense/premium on bonds payable/interest payable/discounts on bonds premium/gain on redemption of bonds/notes payable