ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 15

compensation expense Weiser should record for 2015 under the
fair value method is

6) Carr Corporation retires its $300,000 face value bonds at
105 on January 1, following the payment of interest. The
carrying value of the bonds at the redemption date is $311,235.
The entry to record the redemption will include a

7) On October 1, 2014 Macklin Corporation issued 5%, 10year bonds with a face value of $4,000,000 at 104. Interest is
paid on October 1 and April 1, with any premiums or discounts
amortized on a straight-line basis.

The entry to record the issuance of the bonds would include a
credit of