Business, 10.11.2019 06:31 brittany1903

The balance sheet of indian river electronics corporation as of december 31, 2010, included 12.25% bonds having a face amount of $90 million. the bonds had been issued in 2003 and had a remaining discount of $3 million at december 31, 2010. on january 1, 2011, indian river electronics called the bonds before their scheduled maturity at the call price of 102.required: prepare the journal entry by indian river electronics to record the redemption of the bonds at january 1, 2011. (enter your answers in dollars not in millions. omit the "$" sign in your response.)cr. dr. bonds payable $90,000,000loss on early extinguishment $ on bonds payable $3,000,000i can't figure out the loss and cash amounts. if someone could that'd be great!

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The balance sheet of indian river electronics corporation as of december 31, 2010, included 12.25% b...