Ramos Travel Co. issued the following bonds at a premium Date of issue and sale....April 1, 20-1

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Ramos Travel Co. issued the following bonds at a premium

Date of issue and sale....April 1, 20-1

Principal amount: ....$600,000

Sale price of bonds: ...104

Denomination of bonds: ..$1,000

Life of bonds: ......20 years

Stated rate: ........9%, payable semiannually on September 30 and March 31

Prepare journal entries for:

(a) Issuance of the bonds at a premium.

(b) Interest payment and premium amortization on the bonds on September 30.

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College Accounting Chapters 1-15

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21st Edition

Authors: James Heintz

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Question Posted: Jun 07, 2014 03:59 AM

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Ramos Travel Co. issued the following bonds at a premium Date of issue and sale....April 1, 20-1

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College Accounting Chapters 1-15

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