CALCULATOR Brief Exercise 15-06 The balance sheet for Carla Vista Consulting reports the following information...
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CALCULATOR Brief Exercise 15-06 The balance sheet for Carla Vista Consulting reports the following information on July 1, 2020. Long-term llablities Bonds payable $1,700,000 Less: Discount on bonds payable 85,000 $1,615,000 Carla Vista decides to redeem these bonds at 101 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanatien July 1 Debit Credit
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