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.
What will be an ideal response
Bonds Payable 65,000
Premium on Bonds Payable 3,250
Gain on Retirement of Bonds Payable 2,100
Cash 66,150
Business
You might also like to view...
Integrity, honesty, perseverance, and accountability are commonly included in company’s ______.
A. mission statements B. core values C. code of conduct D. reporting and communications systems
Business
Only manufacturing organizations need a set of operating budgets
Indicate whether the statement is true or false
Business
In a constraint, the ________ variable represents unused resources
Fill in the blank with correct word.
Business
What are the requirements of negotiability under the Code? List and briefly summarize them
Business