Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 399 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 4.00

Motley Company

Motley Company issued $300,000, 8%, 15-year bonds on December 31, 2016, for $288,000. Interest is payable annually on December 31. Motley uses the straight-line method to amortize bond premium or discount. Instructions Prepare the journal entries to record the following events.

(a) The issuance of the bonds.

(b) The payment of interest and the discount amortization on December 31, 2017.

(c) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 04:02 PM My Price 4.00

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