Assume that on July 1, 2019, Riverbed Co. redeems half of the bonds at a cost of $1,057,000 plus accrued interest. Prepare the journal entry to record this redemption (Round answers to 0 decimal places, e.g. 38,548. If no entry is required select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)Show transcribed image text Assume that on July 1, 2019, Riverbed Co. redeems half of the bonds at a cost of $1,057,000 plus accrued interest. Prepare the journal entry to record this redemption (Round answers to 0 decimal places, e.g. 38,548. If no entry is required select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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