Business, 28.11.2019 04:31 alisonguerrero17
On the first day of the current fiscal year, $1,500,000 of 10-year, 8% bonds, with interest payable semiannually, were
sold for $1,225,000. present entries to record the following transactions for the current fiscal year:
(a) issuance of the bonds.
(b) first semiannual interest payment (record as separate entry from discount amortization).
(c) amortization of bond discount for the year, using the straight-line method of amortization.
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On the first day of the current fiscal year, $1,500,000 of 10-year, 8% bonds, with interest payable...
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