On 1/1/2016 Assume that Co issues 8% ,$200,000 bonds, due in five years for 184,836.64. the...
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On 1/1/2016 Assume that Co issues 8% ,$200,000 bonds, due in five years for 184,836.64. the interest is paid annually at the end of each year. the market rate is 10%.assume that the company uses the straight line method for amortizing the discount or premium. 1-prepare the entry to record the Issuance of the bond 2-prepare the entry to record the interest paid on 31/12/2016 2-prepare the schedule of bond discount or premium amortization. On 1/1/2016 Assume that Co issues 8% ,$200,000 bonds, due in five years for 184,836.64. the interest is paid annually at the end of each year. the market rate is 10%.assume that the company uses the straight line method for amortizing the discount or premium. 1-prepare the entry to record the Issuance of the bond 2-prepare the entry to record the interest paid on 31/12/2016 2-prepare the schedule of bond discount or premium amortization.
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Answer rating: 100% (QA)
1 Cash 18483664 Discount on bonds payable 1516336 Bonds payable 20000000 2 Interest expense 1848... View the full answer
Related Book For
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
Posted Date:
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