please help! A $485,000 bond issue on which there...
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Accounting
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A $485,000 bond issue on which there is an unamortized discount of $31.000 is redeemed for $473,000. Required: Joumalize the redemption of the bonds. Refer to the Chart of Accounts for exact wording of account titles Chart of Accounts General Ledger ASSETS REVENUE 110 Cash 410 Sales 810 Interest Revenue 611 Gain on Redemption of Bonds 111 Petty Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 114 Notes Receivable 115 Interest Receivable EXPENSES 510 Cost of Goods Sold 511 Bad Debt Expense 612 Credit Card Expense 121 Inventory 122 Supplies 513 Cash Short and Over 131 Prepaid Insurance General Journal Journalize the redemption of the bonds on December 31. Refer to the Chart of Accounts for exact wording of account titles. PRET ACCOUNTING EQUATION JOURNAL POST.RO DOT CREDIT DESCRIPTION ASSETS LABILITICE EQUITY DATE - 2 3
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