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Current Attempt in Progress Swifty Corporation issued $310,000 of 10-year bonds at a discount....

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Accounting

Current Attempt in Progress
Swifty Corporation issued $310,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $291,400, the company redeemed the bonds at 96.
Prepare the entry to record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Account Titles and Explanation
Debit
Credit
image

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