Waves Corp. issued a $400,000, 7-percent, and 10-year bond payable at a price of 105 on January
Question:
Corp. Include an explanation for each entry.
a. Issuance of the bond payable on January 1, 2014.
b. Payment of semiannual interest and amortization of bond premium on July 1, 2014. Waves use the straight-line method to amortize the premium.
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Journal DATE 2014 ACCOUNT TITLES AND EXPLANATIONS POST REF DEBIT ...View the full answer
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Related Book For 
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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