On 1 July 2012,a company redeemed its debenture liability of $100 000 using available cash on hand.The terms of the debenture issue provided that a premium of 10% was to be paid on redemption of the debentures.The entry to record the redemption is:

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The Answer of On 1 July 2012,a company redeemed its debenture liability of $100 000 using available cash on hand.The terms of the debenture issue provided that a premium of 10% was to be paid on redemption of the debentures.The entry to record the redemption is:

On 1 July 2012,a Company Redeemed Its Debenture Liability of $100