4. Prepare journal entries to record the following retirement. (Show computations and round to the...
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4. Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The December 31, 2018 balance sheet of Wolfe Co. included the following items: 7.5% bonds payable due December 31, 2026 Unamortized discount on bonds payable $3,000,000 120,000 The bonds were issued on December 31, 2016 at 95, with interest payable on June 30 and ecember 31. (Use straight-line amortization.) On April 1, 2019, Wolfe retired $600,000 of ese bonds at 101 plus accrued interest
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