Reference no: EM132912690
The following are the ledger account balances of JICHU INC.:
12%, 25 year bonds payable, 1/1/2017 issue 1,600,000 cr.
Treasury bonds, 10/01/2021 216, 000 dr.
Bond interest expense, 01/01/2021 96,000 dr.
Bond interest expense, 07/01/2021 96,000 dr.
The bonds were redeemed for permanent cancellation on October 1, 2025, at 105 plus accrued interest.
Problem a: Based on the above, answer the following:
1. The adjusted balance of bonds payable as of December 31, 2021
2. The unamortized bond premium on December 31, 2021
3. The total bond interest expense for the year 2021
4. The gain or loss on partial bond redemption
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