Journal entry to record the reacquisition of the bonds


On January 1, 2011, Henderson Corporation retired $500,000 of bonds at 99. At the time of retirement, the unamortized premium was $15,000 and unamortized bond issue costs were $5,250. Prepare the corporation's journal entry to record the reacquisition of the bonds.

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Accounting Basics: Journal entry to record the reacquisition of the bonds
Reference No:- TGS085608

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