Reference no: EM131291941
On December 31, a $1,850,000 bond issue on which there is an unamortized discount of $74,900 is redeemed for $1,799,500.
Journalize the redemption of the bonds.
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Calculate the inventory turnover
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Journalize the redemption of the bonds
: On December 31, a $1,850,000 bond issue on which there is an unamortized discount of $74,900 is redeemed for $1,799,500. Journalize the redemption of the bonds.
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Calculate the times interest earned ratio
: Sales are $1.5 million, cost of goods sold is $600,000, depreciation expense is $150,000, other operating expenses is $300,000, addition to retained earnings is $146,250, dividends per share is $1, tax rate is 30 percent, and number of shares of comm..
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