On January 1, 2015, Lenore, Inc. issued $900,000, 5% bonds when the market rate was 7%. Interest is payable semiannually on December 31 and June 30 with the bonds maturing on December 31, 2024. The bonds are callable at 103. On December 31, 2019, Lenore retired $450,000 of the bonds at the call price. At the time they retired the bonds, they also paid the accrued interest for those bonds retired. Journalizing bond transaction.
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On January 1, 2015, Lenore, Inc. issued $900,000, 5% bonds when the market rate was 7%. Interest is...
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