Corporation journal entry to record reacquisition of bonds

Assignment Help Financial Accounting

Reference no: EM131253770

On January 1, 2014, Henderson Corporation redeemed $645,700 of bonds at 95. At the time of redemption, the unamortized premium was $19,371 and unamortized bond issue costs were $6,457.

Prepare the corporation’s journal entry to record the reacquisition of the bonds.

Reference no: EM131253770

Questions Cloud

Where does africa stand in relation to europe : Where does Africa stand in relation to Europe and other developed nations with regard to Internet connectivity and use?

Lessee-lessor entries and sales-type lease : (Lessee-Lessor Entries, Sales-Type Lease) Rookie Leasing Company agrees to lease machinery toPro Corporation on January 1, 2014. The following information relates to the lease agreement. The term of the lease is 6 years with no renewal option, and th..

Middle class having fewr opportunities : What is your opinion on what Fugazzi said about the middle class having fewr opportunities/jobs to fight over? (Article: Long - T erm Unemployment: The Economy's 'Secret Cancer')

What did you learn from your classmate posting : What did you learn from your classmate's posting? What additional questions do you have after reading the posting? What clarification do you need regarding the posting

Corporation journal entry to record reacquisition of bonds : On January 1, 2014, Henderson Corporation redeemed $645,700 of bonds at 95. At the time of redemption, the unamortized premium was $19,371 and unamortized bond issue costs were $6,457. Prepare the corporation’s journal entry to record the reacquisiti..

Distribution is treated like dividend to the shareholder : ABC Corporation has current E&P of ($200,000). E&P at the beginning of the year was ($100,000). ABC Corp. makes a distribution of $350,000 to its sole shareholder on the least day of the year. The shareholder had a tax basis of $50,000. How much of t..

How would you evaluate a proposal to ban cigarette smoking : How would you evaluate a proposal to ban cigarette smoking? Would a ban on smoking necessarily be economically efficient?

What purposes do massive multiplayer games serve today : What purposes could they serve in the future?- What advantage do projects developed with EDGE have over other training software?

Discuss informed consent and its importance : Discuss informed consent and its importance to the provider-patient relationship. Next discuss the three generally accepted exceptions to the rule of informed consent, and when they would be applied

User Account

All Pages