Ans:
Date | Accounts title and Explanation | Debit | Credit |
31-Dec | Bonds Payable | $ 500,000 | |
Unamortised Premium on Bonds | $ 67,000 | ||
Gain on Redemption of Bonds (500,000+67,000-490,000) | $ 77,000 | ||
Cash | $ 490,000 | ||
(To record gain on redemption of bonds) |
can you solve for both Chapter 11 Liabilities: Bonds Payable 549 BE 11-5 Premium amortization Obj....
do these please can you also show formulas you use
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