Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2020, martinez corporation redeemed

On January 1, 2020, Martinez Corporation redeemed $570,000 of bonds at 96. At the time...

70.2K

Verified Solution

Question

Accounting

On January 1, 2020, Martinez Corporation redeemed $570,000 of bonds at 96. At the time of redemption, the unamortized premium was $17,100. Prepare the corporations journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Year Project A Project B 1 -400 -650 2 -528 210 3 -219 210 4 -150 210 5 1100 210 6 820 210 7 990 210 8 -325 210 WACC 10% What is NPV,IRR, for both projects and also solve for the crossover rate.

Finance
Q

Using Java create a program that does the following: Modify the LinkedList1 class by adding sort()...

Programming
Q

Printed on the side of a tire on an all-wheel-drive sport utility wagon is the...

Mechanical Engineering
Q

1. Box #1 contains 4 red chips and 1 white chip. Box #2 contains 3 red,...

Basic Math
Q

Which of the following best describes the specificity of interaction between a substrate and an...

Biology
Q

a 0 51s c 0 11s b 5 01 s d 2 01 s A...

Physics
Q

Acaront reversible engine converts 1 6 of heat work When the temperature of the sink...

Physics
Q

Use transformations of the graph of f(x)= ex to graph the given function. Be sure...

Basic Math
Q

Question 3 : (Total 5 marks) 1. Describe the differences between merchandising and manufacturing companies...

Accounting
Q

Exercise 11-15 Dropping or Retaining a Segment (L011-2] Thalassines Kotaskeves, SA of Greece makes marine...

Accounting
Q

Andrews Medical reported a net lossAOCI in last years balance sheet. This year, the company...

Accounting
Q

Music stars Beyonc and Jay-Z named their newborn daughter Blue Ivy and then rushed to...

Accounting