Discount on one-half of the bonds was amortized

Reference no: EM13157336

Oct. 31 Sold one half of the wilson company bonds at 97 plus accrued interest. the broker deducted $400 for commissions, ect. remitting the balance. Prior to the sale, $450 of discount on one-half of the bonds was amortized, reducing the carrying amount of those bonds to $292,080.

How would i journalize this? the bonds i have are 578,580. $600000 was purchased in the beginning with 20 yr 10% bonds. my accrued interest is $10,000

Reference no: EM13157336

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Discount on one-half of the bonds was amortized : Oct. 31 Sold one half of the wilson company bonds at 97 plus accrued interest. the broker deducted $400 for commissions, ect. remitting the balance. Prior to the sale, $450 of discount on one-half of the bonds was amortized, reducing the carrying ..

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