borkneod
Aug 3, 2016, 05:05 PM
Reever Corporation issued $2,000,000 of bonds on January 1 2003. The bonds mature in 2 years and pay 9% interest semi-annually. The bonds were issued at 97.
Record the journal entry when the bonds are redeemed 2 years later at 101.
Please help and explain!
Record the journal entry when the bonds are redeemed 2 years later at 101.
Please help and explain!