BE 253
Queen Company issued bonds with a face amount of $2,000,000 in 2015. As of January 1, 2018, the balance in Discount on Bonds Payable is $6,000. At that time, Queen redeemed the bonds at 102.
Instructions
Assuming that no interest is payable, make the entry to record the redemption.

Question

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The Answer of BE 253
Queen Company issued bonds with a face amount of $2,000,000 in 2015. As of January 1, 2018, the balance in Discount on Bonds Payable is $6,000. At that time, Queen redeemed the bonds at 102.
Instructions
Assuming that no interest is payable, make the entry to record the redemption.

BE 253 Queen Company Issued Bonds with a Face Amount of $2,000,000