Question: (please solve this i will upvote you) on dec 31 ABC corp issued 4 year, 7% bonds with $2,000,000 as par value. ABC corp received
(please solve this i will upvote you) on dec 31 ABC corp issued 4 year, 7% bonds with $2,000,000 as par value. ABC corp received 2,240000 in cash. the bond interest is paid semiannually on june 30 and december 31 every year
find the
1-Total bond premium
2-Interest paid in cash semiannually
3-Semiannually amortization amount of bond interest
4- And total bonds interest expense over 4 years
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