Homework Help: accounting

Posted by Mayumi on Sunday, December 5, 2010 at 6:13pm.

Howell Corporation purchased $350,000 of its bonds on June 30, 2010, at 102 and immediately retired them The carrying value of the bonds on the retirement date was $339,500. The bonds pay semiannual interest and the interest payment due on June 30, 2010, has been made and recorded. How do I prepare the journal entry to record the retirement.

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