Using the Following Accounts

question 9

Short Answer

Using the following accounts:
[1]Cash
[2]Sinking fund
[3]Equipment
[4]Building
[5]Land
[6]Accounts payable
[7]Notes payable
[8]Bond payable
[9]Bond interest expense payable
[10]Premium on bonds payable
[11]Discount on bonds payable
[12]Common stock
[13]Retained earnings
[14]Sinking fund earned
[15]Bond interest expense
[16]Gain on retirement
[17]Loss on retirement
Indicate the account(s) to be debited and credited to record the following transactions.
-Retired bonds plus interest previously accrued when the retirement value was beneath the cost of retirement,cash was paid.
Debit ________ & ________ & ________ Credit ________ & ________ & ________

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Definitions:

Personal Property

Tangible or intangible assets that are not real estate, such as vehicles, stocks, or intellectual property.

Personal Property

Items owned by an individual or entity that are movable and not fixed to one location, unlike real estate.

Real Property

Land and anything permanently attached to it, such as buildings and structures, recognized as a form of legal property.

iPhone

A brand of smartphones designed and marketed by Apple Inc., known for its iOS operating system and touchscreen interface.