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3 BE14-1 Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semian- nually. At the time of issue, the

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3 BE14-1 Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semian- nually. At the time of issue, the market rate for such bonds is 10%. Compute the issue price of the bonds. 34 BE14-2 The Colson Company issued $300,000 of 10% bonds on January 1, 2014. The bonds are due January 1, 2020, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Colson's jour- nal entries for (a) the January issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. BE14-3 Assume the bonds in BE14-2 were issued at 98. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization semiannually. 34 BE14-4 Assume the bonds in BE14-2 were issued at 103. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization semiannually. 3 4

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