King Company issued bonds with a face amount of $1600000 in 2012. As of January 1 2017 the balance in Discount on Bonds Payable is $4800. At that time King 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 King Company issued bonds with a face amount of $1600000 in 2012. As of January 1 2017 the balance in Discount on Bonds Payable is $4800. At that time King redeemed the bonds at 102.
Instructions
Assuming that no interest is payable make the entry to record the redemption.

King Company Issued Bonds with a Face Amount of $1600000