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Business, 29.01.2021 01:10 lesleyy7278

On the first day of the fiscal year, a company issues a $673,000, 10%, 10-year bond that pays semiannual interest of $33,650 ($673,000 x 10% x 1/2), receiving cash of $706,700. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank. Interest Expense fill in the blank 2 31,965 fill in the blank 3 Premium on Bonds Payable fill in the blank 5 1,685 fill in the blank 6 Cash fill in the blank 8 fill in the blank 9 33,650

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On the first day of the fiscal year, a company issues a $673,000, 10%, 10-year bond that pays semian...
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