Record the payment of interest and redemption of the bonds


$789,600, 8%, 10-year bonds at face value. The bonds were dated October 1, 2011, and pay interest annually on October 1. Assume that on January 1, 2013, Huber pays the accrued bond interest and calls the bonds. The call price is 103. Record the payment of interest and redemption of the bonds in a journal entry

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Accounting Basics: Record the payment of interest and redemption of the bonds
Reference No:- TGS061387

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