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Pelfer Corporation redeemed $227,100 face value, 10% bonds on April 30, 2014, at 101. The carrying value of the bonds at the redemption date was...

Pelfer Corporation redeemed $227,100 face value, 10% bonds on April 30, 2014, at 101. The carrying value of the bonds at the redemption date was $205,201. The bonds pay annual interest, and the interest payment due on April 30, 2014, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)


Date Account Titles and Explanation Debit Credit
Apr. 30


Top Answer

Pelfer Corporation redeemed $193,700 face value, 10% bonds on April 30, 2014, at 102. The carrying value of the bonds at the... View the full answer

1 comment
  • need answers to the question i posted
    • anon_ch52038
    • Jul 20, 2016 at 7:44am

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Other Answers

a. 30 April            Bonds Payable   dr.           1,40,000                  Loss... View the full answer

1 comment
  • need answers to the question i posted
    • anon_ch52038
    • Jul 20, 2016 at 7:44am

cash   (227,100*101/100) 229371 gain on... View the full answer

Dr Bonds Payable 227,100 Dr Loss on Bond Redemption 24,170 Cr... View the full answer

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