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evpalmer evpalmer
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5 years ago
On March 21, 2017, the bond accounts of Urban Sales showed the following balances.

 

Urban Sales retires the bonds for $66,150. Prepare the journal entry to record the retirement of the bonds.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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Replies
wrote...
5 years ago
 
Bonds Payable65,000
Premium on Bonds Payable3,250
Gain on Retirement of Bonds Payable2,100
Cash66,150
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