How do I journalize this entry for a bond? and Jim Bond, Kinetic Sculptor - Drawing Workshops (16 of 21)

How do I journalize this entry for a bond?

A $ 485,000 bond issue on which there is an unamortized discount of $ 33,000 is redeemed for $ 470,000. Journalize the redemption of the bonds.


Bond best answer:

Answer by 8055
DR Bonds Payable $ 485,000
DR Unamortized Discount $ 33,000
CR Cash $ 470,000
CR Gain on Redemption $ 48,000

Bond

Jim Bond, Kinetic Sculptor - Drawing Workshops (16 of 21)


Image by Keith Bloomfield
Images from the Jim Bond, Kinetic Sculptor - Drawing Workshops. This workshop took place on 9th March 2011 in the Community Art Space in the Queen's Square Shopping Centre.

Artist and kinetic sculptor Jim Bond brought his incredible drawing machines to West Bromwich for a one day workshop where members of the public were able to create unique pieces of art.

www.jimbond.co.uk

The Sandwell Arts in Queen's Square project has been set up to support economic growth and aims to attract new customers and business to Queen's Square Shopping Centre while promoting local artists and encouraging everyone to get involved in the arts.

Keep an eye out for the changing displays in the empty shop windows from local artists and community groups and get involved in some of the free arts activities organised in Shopping Centre.

Join the Sandwell Arts Facebook page - www.facebook.com/sandwellarts

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