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Determine the dollar value of alpha company

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Question - On August 1, 2017, Alpha Company retired a $10,000 bond at 110. On July 31, 2017 Alpha had accrued the interest payment for $250. At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's: (Round all dollar values to the nearest whole dollar.)

1. Gain or Loss on Retirement of Bond: enter any loss dollar & amount inside of brackets ( )

2. Cash paid to retire the bond issue

3. Amount of Interest Payable liquidated at retirement

4. Amount of Premium or Discount on Bond Payable liquidated at retirement

Reference no: EM131700991

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