Hey I just need help clarifying the answers that I got here. A friend helped me but I don't really get how we got it. Required information (The following information applies to the questions displayed below. Ike issues $140,000 of 9%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $143,667. Their market rate is 8% at the issue date. 5. Prepare the journal entry to record the bonds' retirement on January 1, 2019, at 98. View transaction list View journal entry worksheet No Credit Date Jan 01, 2019 General Journal Bonds payable Premium on bonds payable Cash Gain on retirement of bonds payable Debit 140,000 1,317 137,200 4,117

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