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Running head: ACCOUNTING FOR BONDS REDEMPTION: NAVIGATING DEBIT,
Accounting for Bonds Redemption: Navigating Debit, Credit, and Loss
Phoebessays
February 19, 2026
Abstract
QUESTION 7 Journal entry: Accounts title & explanation Debit Credit 1-Jan-18 Bonds Payable 90000000 Loss on redemption of Bonds 4800000 (91800000+3[phone]0000) Discount on Bonds Payable 3000000 Cash 91800000 (90000000*102%)
APA 7th Edition— Title centered and bold, double-spaced throughout, 1" margins, Times New Roman 12pt. First line of each paragraph indented 0.5". Running head on first page only.
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