Journalize the redemption of the bonds
Problem:
A $500,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $475,000. Journalize the redemption of the bonds.
Now Priced at $20 (50% Discount)
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Compute the current yield on both bonds? Which bond should be select based on your answer to part (1)?
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