The balance sheet of indian river electronics corporation as of december 31, 2017, included 11% bonds having a face amount of $91.2 million. the bonds had been issued in 2010 and had a remaining discount of $4.2 million at december 31, 2017. on january 1, 2018, indian river electronics called the bonds before their scheduled maturity at the call price of 102. required: prepare the journal entry by indian river electronics to record the redemption of the bonds at january 1, 2018.
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The balance sheet of indian river electronics corporation as of december 31, 2017, included 11% bond...
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