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What will the journal entry

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Reference no: EM132470072

The December 31, 2018 balance sheet of A Corp.

The information are:

  • 7.5% bonds payable due
  • December 31, 2021 $320,000
  • Unamortized discount on bonds payable 8,400

Question 1: The bonds were issued on December 31, 2013, at 95, with interest payable on June 30 and December 31. On January 1, 2019, ABC retired the bonds at 101. What will the journal entry?

Reference no: EM132470072

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