Several years ago, Walters Company issued bonds with a face value of $617,000 at par. As a result of declining interest rates, the company has decided to call the bond at a call premium of 7 percent over par. Record the retirement of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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Home » Business » Several years ago, Walters Company issued bonds with a face value of $617,000 at par. As a result of declining interest rates, the company has decided to call the bond at a call premium of 7 percent over par. Record the retirement of the bonds.