The December 31,2014,balance sheet of Far Imports includes the following items:
The bonds were issued on December 31,2013,at 97,with interest payable on June 30 and December 31 of each year.The straight-line method is used for discount amortization.
On March 1,2015,Far Imports retired $400,000 of these bonds at 98 plus accrued interest.Prepare the journal entries to record retirement of the bonds,including accrual of interest since the last payment and amortization of the discount.
Definitions:
Suppressing
The act of consciously holding back or restraining emotions, thoughts, or actions that are considered unacceptable or unwanted.
Behavior
The observable actions or reactions of an individual or group in response to external or internal stimuli.
Activating Events
Incidents or occurrences that trigger emotional responses, potentially affecting an individual's behavior or attitudes.
Erratic
Describing something or someone as unpredictable or irregular in pattern or behavior.
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