Homework Help: accounting

Posted by Sandra on Thursday, April 22, 2010 at 12:46am.

Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption?

accounting - Sandra, Thursday, April 22, 2010 at 12:47am
is it 1200 loss?

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