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  3. Now, assume that on May 1, 2004, the company reacquires half the bonds for $154,000 including accrued interest.

Now, assume that on May 1, 2004, the company reacquires half the bonds for $154,000 including accrued interest.

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Now, assume that on May 1, 2004, the company reacquires half the bonds ($150,000 face) for $154,000 including accrued interest.

  • Now, assume that on May 1, 2004, the company reacquires half the bonds ($150,000 face) for $154,000 including accrued interest.

  • Answers • 1 pages • 2019
  • SlamDunk, Inc. sells $300,000 of 10% bonds on February 1, 2003. The bonds pay interest on August 1 and February 1. The due date of the bonds is August 1, 2006. The bonds yield 12%. The company has a year end of December 31. Show the journal entries required on the following dates: a. February 1, 2003 b. August 1, 2003 c. December 31, 2003 d. February 1, 2004 e. Now, assume that on May 1, 2004, the company reacquires half the bonds ($150,000 face) for $154,000 including accrued interest. Assume t...
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