On July 1, Aloha Company exercises a call option that requires Aloha to pay $265,200 for its outstanding bonds that have a carrying value of $268,200 and a par value of $260,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. >

On July 1, Aloha Company exercises a call option that requires Aloha to pay $265,200 for its outstanding bonds that have a carrying value of $268,200 and a par value of $260,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list Journal entry worksheet < 1 Record the retirement of bonds before maturity. >

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 8RE

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