Payment of interest and amortization of premium


Redeemed $400,000 of 8-year, 12% bonds at 101. The balance in the bond premium account is $4,920 after the payment of interest and amortization of premium have been recorded. (Record only the redemption of the bonds payable.)

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Accounting Basics: Payment of interest and amortization of premium
Reference No:- TGS067382

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