drk
Mar 13, 2006, 10:03 PM
The question is:
A wholesaler issued 12,000,000 of 30 yr 8% callable bonds on April 1st 2006 with interest payable on April 1st and October 1st the fiscal year is the calender year Journalize the following transaction
2010 October 1st- called the bond issue at 102, the rate provided in the bond indenture (omit entry for payment of interest)
I am not sure how to figure out the gain or loss in bonds here, help please
A wholesaler issued 12,000,000 of 30 yr 8% callable bonds on April 1st 2006 with interest payable on April 1st and October 1st the fiscal year is the calender year Journalize the following transaction
2010 October 1st- called the bond issue at 102, the rate provided in the bond indenture (omit entry for payment of interest)
I am not sure how to figure out the gain or loss in bonds here, help please