On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.

Question

selenademi186 selenademi186

15-06-2022
Business

contestada

On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.

Respuesta :

Otras preguntas

Which sentence would stand out the most when scanning a paragraph?

Last month Dory biked 11 times as many miles as Carly together dirt bike the total of 156 miles how many miles did Dory biked last month?

Which algebraic expression is equivalent to the expression below?

The sales tax for a certain state can be found by multiplying the purchase price by . What is the sales tax on an item that is $25.60? Express your answer as a

While riding her bike to the ocean and back home 5 times, Melissa timed herself at 53 min, 65 min, 56 min, sand 62 min. She had set her goal of averaging 60 min

businesses may not use false statements to convince you to buy a product

Where does filtration exclusively occur in the kidney? what occurs when the plasma concentration of a substance exceeds the kidney's capacity for transporting t

Which correctly explains the term “nullification?” SSH5a (DOK 2) a. to put on hold b. to do away with c. to ratify or approve d. to amend or change

What is the volume of gas at 2.00atm of pressure if the volume of the gas was 30.0L at 5.50atm of pressure assuming the temperature remains constant

In which layer of the ocean are you likely to find microscopic plants called phytoplankton? a. The bathypelagic zone b. The epipelagic zone c. The hadalpelagic

chilljain33 chilljain33 · Answer 1 · 2022-06-29T09:42:05+02:00

The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.

What is journal entry?

The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.

Hence, the significance of a journal entry has been aforementioned.

Learn more about a journal entry here:

https://brainly.com/question/20421012

#SPJ1