On June 30,2016, Whispering Winds Limited issued 11.75% bonds with a par value of $811,000...
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On June Whispering Winds Limited issued bonds with a par value of $ due in years. They were issued at and were callable at at any date after June Because of lower interest rates and a significant change in the companys credit rating, it was decided to call the entire issue on June and to issue new bonds. New bonds were sold in the amount of $ million at ; they mature in years. The company follows ASPE and uses straightline amortization. The interest payment dates are December and June of each year. Please show the calculation used to achieve the journal entries to record the redemption of the bonds payable. I would like to know how the amount of for Bonds Payable and for Loss on Redemption of bonds was found. If using excel, please show the formulas. 
On June Whispering Winds Limited issued bonds with a par value of $ due in years. They were issued at and were callable at at any date after June Because of lower interest rates and a significant change in the companys credit rating, it was decided to call the entire issue on June and to issue new bonds. New bonds were sold in the amount of $ million at ; they mature in years. The company follows ASPE and uses straightline amortization. The interest payment dates are December and June of each year.
Please show the calculation used to achieve the journal entries to record the redemption of the bonds payable. I would like to know how the amount of for Bonds Payable and for Loss on Redemption of bonds was found. If using excel, please show the formulas.
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