Question: EEEE AaBbCcDd AaBbCcDd AaBb C AaBbCcc AaB AaBbCD A 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Su Paragraph Styles 2) Prepare
EEEE AaBbCcDd AaBbCcDd AaBb C AaBbCcc AaB AaBbCD A 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Su Paragraph Styles 2) Prepare an amortization schedule for the dates indicated using the effective interest rate method. Date Cash Payment Interest Expense Amortization Carry Value 1/1/2020 96,768 6/30/2020 4,500 4,838 338 97,106 12/31/2020 4,500 4,855 355 97,462 97,835 6/30/2021 4,500 4,873 373 3) Prepare the journal entries to record the issuance of the bond on January 1 and interest expense on June 30, 2020. Date Account DR CR 1/1/20 Cash 96,768 Discount on Bonds Payable 3,232 Bonds Payable 100,000 6/30/20 4,838 Interest Expense Discount on Bonds Payable Interest Payable 338 4,500 3) What amount would the bonds be reported on the balance sheet at the end 2020
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