Answer:
Interest Expense 409,113
Premium on Bonds Payable* 30,887
Cash 440,000
* $308,869 ÷ 10 semiannual payments
Tuesday, 26 July 2016
Using the bond from Practice Exercise 14-4B, journalize the first interest payment and the amortization
Using the bond from Practice Exercise 14-4B, journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar.
Answer:
Interest Expense 409,113
Premium on Bonds Payable* 30,887
Cash 440,000
* $308,869 ÷ 10 semiannual payments
Answer:
Interest Expense 409,113
Premium on Bonds Payable* 30,887
Cash 440,000
* $308,869 ÷ 10 semiannual payments
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