ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / tutorialrank.com | Page 260

Prepare Teton’ s December 31, 2014, adjusting entry.( Round answers to 0 decimal places, e. g. 38,548. If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
2) On January 1, 2014, Henderson Corporation redeemed $ 572,100 of bonds at 97. At the time of redemption, the unamortized premium was $ 17,163 and unamortized bond issue costs were $ 5,721.
Prepare the corporation’ s journal entry to record the reacquisition of the bonds.( If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
3) Shlee Corporation issued a 5-year, $ 70,300, zero-interestbearing note to Garcia Company on January 1, 2014, and received cash of $ 70,300. In addition, Shlee agreed to sell merchandise to Garcia at an amount less than regular selling