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Unformatted text preview: 33,333 Bond Interest Payable 6666.7 (To record one payment) e) Dec.1 Bond Interest Payable 40,000 2006 Cash 40,000 (To record payment on bond interest) f) Dec.1 Bonds Payable 1,000,000 2006 Loss on Bond Redemption 10,000 Cash 1,010,000 (To record redemtion of bonds at 101) a&f) are correct. b) think about what happened on 12/1--then revise 12/31. c) will change based on (b). d&e) Bondholders expect $40,000 every interest date. Have a pleasant day, Betty : )...
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This note was uploaded on 02/19/2010 for the course ACCT 221 taught by Professor Strauss during the Spring '07 term at Maryland.
- Spring '07
- Balance Sheet