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On January 1, 2020, Bridgeport Corporation redeemed $520,000 of bonds at 99. At the time of redemption, the unamortized
Posted: Fri Jul 01, 2022 8:44 am
by answerhappygod
- On January 1 2020 Bridgeport Corporation Redeemed 520 000 Of Bonds At 99 At The Time Of Redemption The Unamortized 1 (91.41 KiB) Viewed 30 times
On January 1, 2020, Bridgeport Corporation redeemed $520,000 of bonds at 99. At the time of redemption, the unamortized premium was $15,600. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) Account Titles and Explanation Debit Credit