P14-6 - April 1 Bonds payable 360,000 Loss on redemption...

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May 1, 2010 Cash 990,000     Bond interest expense (900,000x.12x4/12)   36,000     Bonds payable 900,000     Premium   54,000 December 31 Bond interest expense 108,000 Premium     5,400     Bond interest payable  113,400 January 1, 2011 Bond interest payable 108,000     Cash 108,000
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Unformatted text preview: April 1 Bonds payable 360,000 Loss on redemption 7,200 Cash 367,200 December 31 I reviewed the homework, the appendices, the survival guide and the study guide. I couldnt find instruction or reference to how to do this part....
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