The text explains that bonds may be issued at (1) face value, (2) a discount, and (3)

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The text explains that bonds may be issued at (1) face value, (2) a discount, and (3) a premium.

\section*{Instructions}

With the class divided into three groups, each group should choose one type of bond issue. Your group is to explain these topics, using dollar amounts different from those used in the text:

(a) The entry to record the sale of the bonds

(b) The entry at the end of the first interest period after the sale

(c) The financial statement presentation of the bonds and interest expense at the end of the first interest period

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:30 AM

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The text explains that bonds may be issued at (1) face value, (2) a discount, and (3)

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Financial Accounting Tools For Business Decision Making

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