Hill Corporation issued $2,100,000 of 8% bonds at 98 on January 2, 2019. Interest is paid semiannually on June 30 and December 31. The bonds had a 10-year life from the date of issue, and the company uses the straight-line method of amortization. On March 31, 2022, Hill recalls the bonds at the call price of 107 plus accrued interest.
Required:
Prepare the journal entries to record the reacquisition (recall) of Hill's bonds.
Answers: 1
Business, 22.06.2019 08:00, connermichaela
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Business, 22.06.2019 10:00, bob7220
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Hill Corporation issued $2,100,000 of 8% bonds at 98 on January 2, 2019. Interest is paid semiannual...
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