21. Because interest rates have fallen, a company retires bonds which had been issued at their...

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21. Because interest rates have fallen, a company retires bonds which had been issued at their face value of $340,000. The co

business accounting

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Answer 1

Answer #1

Answer . Option (D)

Bonds payable dr $340000

Gain on bond retirement. Cr $ 13600

Cash. Cr $ 326400

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Answer 2

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21. Because interest rates have fallen, a company retires bonds which had been issued at their...

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Add Answer to: 21. Because interest rates have fallen, a company retires bonds which had been issued at their...

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