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Homework answers / question archive / A $500,000 bond is retired at 97 when the carrying value of the bond is $483,000

A $500,000 bond is retired at 97 when the carrying value of the bond is $483,000

Accounting

A $500,000 bond is retired at 97 when the carrying value of the bond is $483,000. The entry to record the retirement would include a:

a. $2,000 gain.

b. $15,000 loss.

c.   $15,000 gain.

d. $2,000 loss.

 

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