Business, 23.03.2020 20:32 shataviasumpter78

On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $411,200 and par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.

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On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding...

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