Assume the same information as in IFRS14.5, except that the bonds were issued at 84.95 to yield
Question:
Assume the same information as in IFRS14.5, except that the bonds were issued at 84.95 to yield 12%. Prepare the journal entries to record
(a) The issuance of the bonds,
(b) The payment of interest and related amortization on July 1, 2020,
(c) the accrual of interest and the related amortization on December 31, 2020. (Round to the nearest dollar.)
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Related Book For 
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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