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Category > Accounting Posted 27 Sep 2017 My Price 7.00

Woodwick Company

Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments.

     

Semiannual Period-End Unamortized Premium Carrying Value
(0) 12/31/2012   $ 8,151   $ 110,151  
(1) 6/30/2013     7,336     109,336  
(2) 12/31/2013     6,521     108,521  
 

     
Use the above straight-line bond amortization table and prepare journal entries for the following.

Record the issue of bonds with a par value of $102,000 cash on December 31, 2012.

Record the interest payment on June 30, 2013.

Record the interest payment on December 31, 2013.

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 09:09 PM My Price 7.00

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