April 1 Bonds with par value of 360000 are called at 102 plus accrued interest

April 1 bonds with par value of 360000 are called at

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Interest on the bonds is paid.April 1Bonds with par value of $360,000 are called at 102 plus accrued interest, and redeemed. (Bonds premium is to be amortized only at the end of each year)Dec. 31Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.Prepare journal entries for the transaction above. 5
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ACCT 301B 2/3/2014 Professor P. Woodward 6
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  • Fall '07
  • KWEST
  • 1966, 1981, 1986, 1979, 1982

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