Answer:
Interest Expense 87,913
Discount on Bonds Payable* 7,913
Cash 80,000
* $79,127 ÷ 10 semiannual payments
Tuesday, 26 July 2016
Using the bond from Practice Exercise 14-2A, journalize the first interest payment and the amortization of
Using the bond from Practice Exercise 14-2A, journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar.
Answer:
Interest Expense 87,913
Discount on Bonds Payable* 7,913
Cash 80,000
* $79,127 ÷ 10 semiannual payments
Answer:
Interest Expense 87,913
Discount on Bonds Payable* 7,913
Cash 80,000
* $79,127 ÷ 10 semiannual payments
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