noble Corporation has outstanding $400,000 of 8 percent bonds callable at 104. On December 1, immediately after the payment of the semiannual interest and the amortization of the bond discount were recorded, the unamortized bond discount equaled $10,500.
Top Rated1 (Not rated)
(Not rated)
noble Corporation has outstanding $400,000 of 8 percent bonds callable at 104. On December 1, immediately after the payment of the semiannual interest and the amortization of the bond discount were recorded, the unamortized bond discount equaled $10,500. On that date, $240,000 of the bonds were called and retired.
Prepare the journal entry to record the retirement of the bonds on December 1
- 8 years ago
100 % Correct answer.
NOT RATED
Purchase the answer to view it