Business, 15.04.2020 02:59 larageorge

Marin, Inc. redeemed $159,000 face value, 13.5% bonds on June 30, 2022, at 95. The carrying value of the bonds at the redemption date was $171,720. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Required:
Prepare the appropriate journal entry for the redemption orconversion of the bonds.

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Marin, Inc. redeemed $159,000 face value, 13.5% bonds on June 30, 2022, at 95. The carrying value of...

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