Bonds issued at $5,000,000, 12%, 10 year bonds on July 2020. Interest is paid semi-annually at July
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Bonds issued at $5,000,000, 12%, 10 year bonds on July 2020. Interest is paid semi-annually at July 1st and January 1st. The bonds were sold at effective yield of 12.5%. The effective interest method of amortization is used.
What journal entry would you record to call bonds at 7/2/2023 at 102?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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