Mutschelknaus Manufacturing sold bonds at a discount for $290,000 (discount of $10,000) seven years.
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Mutschelknaus Manufacturing sold bonds at a discount for $290,000 (discount of $10,000) seven years ago. (a) The corporation redeems $25,000 of this issue at 97. The unamortized discount is $350. (b) The corporation redeems $30,000 of this issue at 99. The unamortized discount is $450. Prepare journal entries to record the redemption in (a) and (b).View Solution:
Mutschelknaus Manufacturing sold bonds at a discount for 290 000 discount
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