× dPrepare the journal entry to re × 1 + t secure edugen.wileyplus.com/edugen/lt

Question

× dPrepare the journal entry to re × 1 + t secure edugen.wileyplus.com/edugen/lti/main.uni Return to Blackboard Weygandt, Accounting Principles, 12e Helo I System Announcements (&LUnread) ssignment PRINTER VERSION BACK CES Your answer is partially correct. Try again. On January 1, 2019, when the carrying value of the bonds was $5,406,200, the company redeemed the bonds at 101. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) art Date Account Titles and Explanation Debit Credit Jan. 1, 2019 Bonds Payable 5,615,0 Stedv Loss on Bond Redemption 208,800 Discount on Bonds Payable 152,650 Cash 5,671,150 Attempts: 2 of 3 used SAVE FOR LATER Version 4.24.9

Explanation / Answer

Jan-1-19 Bonds payable 5615000 Loss on Bond redemption 264950       Discount on Bonds payable 208800 =5615000-5406200       Cash 5671150 =5615000*1.01

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