On January 1, 2014, Nickelada Inc. purchased a 4%, $50,000 Imax bond for $46,490. Interest is to
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Cash Interest Recelived Period Interest Revenue Unamortized Carrying Discount Amort. Period Ending Jan. 1/14.. June 30/14.... Discount $3,510 3,115 2,708 Value $46,490 46,885 47,292 1,000 1,000 S1,395 1,407 $395 407
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2014 Jan 1 Longterm investment Imax Bond 46490 Cash 46490 Purchase...View the full answer
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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