Prater corporation issued 400000 of 10-year bonds at a
Question - Prater Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $390,000, the company redeemed the bonds at 99.
Prepare the entry to record the redemption of the bonds.
Now Priced at $25 (50% Discount)
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