EXAM 2 - Interest Expense $6,750 Premium on Bonds Payable...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise E 2-4 General Journal Page 1 Date Accounts Debit Credit 4/1/2006 Cash $537,868 Premium on Bonds Payable $26,618 Bonds Payable $500,000 Bond Interest Expense $11,250 Bonds Payable $150,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Interest Expense $6,750 Premium on Bonds Payable $4,796 Gain on Redemption of Bonds $1,796 Cash ($150,000 x 1.02) + ($150,000 x .09 x 6/12) $159,750...
View Full Document

This note was uploaded on 06/23/2010 for the course ACC 511 taught by Professor Constance during the Spring '10 term at Acadia.

Ask a homework question - tutors are online