Business, 21.05.2021 17:30 jamesleecy06

On July 1, Aloha Co. exercises a call option that requires Aloha to pay $224,400 for its outstanding bonds that have a carrying value of $228,200 and a par value of $220,000. 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 $224,400 for its outstanding...

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