I need help with an accounting questiona corporation issued 300,000$ of 11% 20-year bonds at 106 on
I need help with an accounting questiona corporation issued 300,000$ of 11% 20-year bonds at 106 on january 1 2009. Interest is payable semiannually on june 30 and december31. through january 1 2104 the company amortized 5000 of the bond premium. on january 1 2014 they retired the bond at 103. use the financial statement effects template to illustrate the bond retirement at january 1 2014