QS 10-13 (Algo) Bond retirement by call option LO P4 On July 1, Aloha Co....
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QS 10-13 (Algo) Bond retirement by call option LO P4 On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $411,200 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30 Record the entry to retire the bonds. View transaction list Journal entry worksheet 1 Record the retirement of bonds before maturity. Note: Enter debits before credits General Journal Debit Credit Date July 01
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