On July 1, Aloha Company exercises a call option that requires Aloha to pay $265,200 for its outstanding bonds that have a carrying value of $268,200 and a par value of $260,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. >
On July 1, Aloha Company exercises a call option that requires Aloha to pay $265,200 for its outstanding bonds that have a carrying value of $268,200 and a par value of $260,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. >
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 8RE
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