Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 4.00

Marker company

On January 1, 2016 for $18 million, Marker company issued 10% bonds, dated January 1, 2015, with a face amount of $20 million. For bonds of similar risk and maturity, the market yield is 12%. interes is paid semiannually on June 40 and December 31.

 
1. Prepare the journal entry to record interest on June 30, 2016, using the effective interest method
 
1. Prepare the journal entry to record interest on December 31, 2016, using the effective interest method
 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 07:05 PM My Price 4.00

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