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Amanda [17]
3 years ago
13

When a bond issued at face value is retired what is the journal entry

Business
1 answer:
Vedmedyk [2.9K]3 years ago
8 0
Credit the "bond payable" liability account for the total face value of the bonds and debit cash for the same amount.


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Crane Company borrowed $750000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note requi
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The interest expense of $59,463  must be recognize on its 2020 income statement.

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