Question

A $525,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for $466,000 Journalize the redemption
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Bonds payable 525,000
Discount on bonds payable 45,000
Cash 466,000
Gain on redemption 14,000
Add a comment
Know the answer?
Add Answer to:
A $525,000 bond issue on which there is an unamortized discount of $45,000 is redeemed for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT