PREPARING A BOND AMORTIZATION TABLE (STRAIGHT LINE) St. Cloud Manufacturing, Inc., issued five-year, 9.2 percent bonds with
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PREPARING A BOND AMORTIZATION TABLE (STRAIGHT LINE)
St. Cloud Manufacturing, Inc., issued five-year, 9.2 percent bonds with a total face value of $500,000 on December 31, 2008, for $484,000. The bonds pay interest on June 30 and December 31 of each year.
Required:
. Prepare an amortization table.
. Prepare the entries to recognize the bond issuance and the interest payments made on June 30, 2009, and December 31, 2009.
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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