Business, 13.12.2019 00:31 lisbet123085

The situations presented here are independent of each other. for each situation, prepare the appropriate journal entry for the redemption of the bonds. a. whispering winds corp. redeemed $ 174,000 face value, 9% bonds on april 30, 2017, at 104. the carrying value of the bonds at the redemption date was $157,221. the bonds pay annual interest, and the interest payment due on april 30, 2017, has been made and recorded. b. shamrock, inc., redeemed $176,000 face value, 13.0% bonds on june 30, 2017, at 97. the carrying value of the bonds at the redemption date was $190,494. the bonds pay annual interest, and the interest payment due on june 30, 2017, has been made and recorded.

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