Journal Entries for Bonds at Par

Lesson

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There are three basic transactions that involve bonds:

This module will let you practice each of the above on a bond sold at face value.

Question

Some auditors are looking over your accounting work, and have come to you with an urgent question.

What is the journal entry for the retirement of the bond?

Answer

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👉 Answer:

Bonds Payable	$36,000.00
Cash		$36,000.00