Prater corporation issued 400000 of 10-year bonds at a


Question - Prater Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $390,000, the company redeemed the bonds at 99.

Prepare the entry to record the redemption of the bonds.

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Accounting Basics: Prater corporation issued 400000 of 10-year bonds at a
Reference No:- TGS02429417

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