Re: Need help,about a Accounting problem about Partial amortization.# Business - 商学院
a*e
1 楼
No.The extinguished Bonds payable is just 50% of the original Bonds Payable.
So the new Bonds Pable is 2500000( the biginning Bonds Payable is
5,000,000).In fact, the Journal Entries for the extinguishment of 50% of the
Bonds payable is: Bonds Payable 2500000
Loss on Bond Extingu 58,519
Interest Payable 100,000
Bond Discount 41,481
Cash 2700000
Can you figure it out now? I am very confused about such numbers. Appreciate
you
So the new Bonds Pable is 2500000( the biginning Bonds Payable is
5,000,000).In fact, the Journal Entries for the extinguishment of 50% of the
Bonds payable is: Bonds Payable 2500000
Loss on Bond Extingu 58,519
Interest Payable 100,000
Bond Discount 41,481
Cash 2700000
Can you figure it out now? I am very confused about such numbers. Appreciate
you