Business, 25.07.2020 22:01 aliveajones2005
On the first day of the fiscal year, a company issues an $949,000, 9%, five-year bond that pays semiannual interest of $42,705 ($949,000 x 9% x 1/2), receiving cash of $892,100. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.
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On the first day of the fiscal year, a company issues an $949,000, 9%, five-year bond that pays semi...
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