Sigismund has a 4 % ten - year $ 7 5 0 , 0 0 0 bond

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Question:

Sigismund has a

4 %

ten

-

year $

750, 000

bond outstanding that has a current discount of

116, 412 .

The market rate of interest when the bond was issued was

6 % .

Record the journal

entry for the next payment.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

See More Books

Posted Date: May 07, 2024 12:04 AM

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Sigismund has a 4 % ten - year $ 7 5 0 , 0 0 0 bond

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To record the journal entry for the next payment on Sigismunds 4 tenyear 750000 bond we need to acco... View the full answer

Intermediate Accounting

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