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Category > Business & Finance Posted 12 Jun 2017 My Price 6.00

Entries for Bond Transactions—Straight-Line

Digital Company issued $600,000 of 10% 20 -year bonds on January 1, 2014, at 102 Interest is payable semiannually on July 1 and January 1. Digital Company uses the straight-line method of amortization for bond premium or discount. Instructions: make journal entries and show formulas Prepare the journal entries to record the following. (a) The issuance of the bonds. Jan 1, 14 Account Title Amount Account Title Account Title (b) The payment of interest and related amortization on July 1, 2014. Jul 1, 14 Account Title Formula Account Title Formula Account Title (c) The accrual of interest and the related amortization on December 31, 2014. Dec 31, 14 Account Title Formula Account Title Formula

 

 

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Alpha Geek
(8)
Status NEW Posted 12 Jun 2017 07:06 AM My Price 6.00

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Attachments

file 1497252539-594823_1_Bond-Transactions.docx preview (211 words )
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