Question: part b ) can you please solve more information. the issue price of the bonds is 5,047,350. can you solve this. Prepare the adjusting entry
Prepare the adjusting entry for December 31, 2021. Use the effective-interest method. (Credit account tities are automatically indented when the amount is entered. Do not indent manually.) On January 1,2021 , Pina Co, issued ten-year bonds with a face value of $5,700,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are
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