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On April 30, 2006, Company issued 8% bonds with a par value of $900,000 due in 20 years

Accounting Dec 11, 2021

On April 30, 2006, Company issued 8% bonds with a par value of $900,000 due in 20 years. They were issued at $2.8 to yield 10%ana wese callable at 103 at any date after April 30, 2014. It was decided to call the entries issue on April 30, 2015 On April 30, 2015 the amortized discount of the old bonds is $108,470. The journal entry to record the retirement of the old bonds on April 30, 2015 would include which of the following? O A Debit Bonds Payable 5791,530 OB. Debit Loss on Extinguishment of Bonds $100,470 Oc Credit Cash $900,000 OD Credit Bonds Payable 5927.000

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