Business, 03.12.2019 05:31 teamsadie8426
Wildhorse corporation issued $670,000, 9%, 20-year bonds on january 1, 2020, for $612,959. this price resulted in an effective-interest rate of 10% on the bonds. interest is payable annually on january 1. wildhorse uses the effective-interest method to amortize bond premium or discount. prepare the journal entry to record the accrual of interest and the discount amortization on december 31, 2020.
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Wildhorse corporation issued $670,000, 9%, 20-year bonds on january 1, 2020, for $612,959. this pric...
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