Can anyone provide guidance on the following: Clear Water Coffee issued $100,000 of 7% bonds on January 1, 20X1.The bonds were issued at par and pay…
Can anyone produce direction on the following:
Clear Water Coffee issued $100,000 of 7% fastenings on January 1, 20X1. The fastenings were issued at par and pay profit on June 30 and December 31 of each year. By December 31, 20X5, the bargain admonish of profit had increased, and Clear Water was effectual to reacquire and secede the fastenings for $97,500, plus accrued profit.
Prepare the chronicle beginning to annals the profit acquittal and fastening secedement on December 31, 20X5.
Any succor on this would be awesome!