66 .

School: Middlesex County College - Course: ACC 206 - Subject: Accounting

DateParticularsDebitCredit 1st January,2024CashDiscount on bonds payableBonds payable(Bonds Issued recorded) 9500000 500000 10000000 30thJune,2024Interest ExpenseBonds PayableCash(Payment of interest and amortization recorded as of June 30th) 293550 43550 250000 31st December,2025Interest ExpenseBonds PayableInterest Payable((Payment of interest and amortization recorded as of December 31st) 297713.11 47713.11 250000 31stDecember,2028Bonds PayableLoss on Redemption of bondsCash(Repurchase of bonds being recorded) 5809465.07 310534.93 6120000 31stDecember,2024Bonds PayableCash(Retirement of remaining bonds being recorded)400000 400000