Problem

Retiring bonds payableVillain Industries reported the following at September 30: Requireme...

Retiring bonds payable

Villain Industries reported the following at September 30:

Requirements

1. Journalize retirement of half of the bonds on October 1 at the market price of 93.
2. Journalize retirement of the remaining half of the bonds on October 1 at the call price of 101.

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Solutions For Problems in Chapter 11B

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