Assume the bonds in IFRS14-3 were issued for $644,636 and the effectiveinterest rate is 6%. Prepare the

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Assume the bonds in IFRS14-3 were issued for $644,636 and the effectiveinterest rate is 6%. Prepare the company’s journal entries for
(a) The January 1 issuance,
(b) The July 1 interest payment, and
(c) The December 31 adjusting entry.

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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Posted: Oct 11, 2011 08:02 AM

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Assume the bonds in IFRS14-3 were issued for $644,636 and the effectiveinterest rate is 6%. Prepare the

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January 1 a Cash 644636 Bonds Payable 644636 July 1 b ...View the full answer

Intermediate Accounting

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