The company retired these bonds by buying them on the open
A company has bonds outstanding with a par value of 750,000. The unamortized discount on these bonds is $10,000. The company retired these bonds by buying them on the open market at 98. Prepare the jornal entry to retire the bonds.
Now Priced at $10 (50% Discount)
Recommended (99%)
Rated (4.3/5)
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