Business, 15.04.2020 02:09, yashirachevalier

Navarro, Inc., issued $250,000 of eight percent, 20‑year bonds at 98 on June 30, 2012. Interest is payable semiannually on December 31 and June 30. Through June 30, 2018, Navarro amortized $3,000 of the bond discount. On June 30, 2018, Navarro retired the bonds at 102 (after making the interest payment on that date).
Required:
1. Prepare the journal entry to record the bond retirement on June 30, 2018.

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Navarro, Inc., issued $250,000 of eight percent, 20‑year bonds at 98 on June 30, 2012. Interest is p...