Business, 19.03.2021 23:10 zdejesus4994

Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The market rate is 6% at the issue date. Bonds are sold a 94% Break Company issues $900,000 of 10%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The market rate is 6% at the issue date. Bonds are sold a 114%

Required for EACH company

Prepare the January 1, 2015, journal entry to record the bonds' issuance.
Determine the total bond interest expense to be recognized over the bonds' life.
Prepare a straight-line amortization table for the bonds' first two years.
Prepare the journal entries to record the first two interest payments. m

Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semi

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Spring Company issues $725,000 of 4%, four-year bonds dated January 1, 2015, that pay interest semia...

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