On January 1,2020. Balbond issued a 3-year, 9% P1,000,000 at par. Interest is payable semi-annually...
70.2K
Verified Solution
Link Copied!
Question
Accounting
-
On January 1,2020. Balbond issued a 3-year, 9% P1,000,000 at par. Interest is payable semi-annually every June 30 and December 31. On February 2,2021 the bonds were retired for P1,050,000. How much is the gain or (loss) on extinguishment. ( Use negative sign if loss)
On January 1,2020. Balbond issued a 3-year, 9% P1,000,000 at par. Interest is payable semi-annually every June 30 and December 31. On February 2,2021 the bonds were retired for P1,050,000. How much is the gain or (loss) on extinguishment. ( Use negative sign if loss)
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: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.