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 %, 10- year 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