Answer:
Interest Expense 176,040
Discount on Bonds Payable* 11,040
Cash 165,000
* $110,401 ÷ 10 semiannual payments
Tuesday, 26 July 2016
Using the bond from Practice Exercise 14-2B, journalize the first interest payment and the amortization of the
Using the bond from Practice Exercise 14-2B, journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar.
Answer:
Interest Expense 176,040
Discount on Bonds Payable* 11,040
Cash 165,000
* $110,401 ÷ 10 semiannual payments
Answer:
Interest Expense 176,040
Discount on Bonds Payable* 11,040
Cash 165,000
* $110,401 ÷ 10 semiannual payments
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