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1. 1,000,000, 8%, 10 year bonds are sold on 1/1/11 at 106. Interest is payable annually on 12/31 Date Acct Debit Credit 1a Cash 1,060,000

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1. 1,000,000, 8%, 10 year bonds are sold on 1/1/11 at 106. Interest is payable annually on 12/31 Date Acct Debit Credit 1a Cash 1,060,000 1/1/11 Premium on 60,000 Bonds Payable Bonds Payable 1,000,000 2. 800,000, 8%, 10 year bonds are sold on 1/1/11 at 99. Interest is payable annually on 12/31 Date Debit Credit 2.a Cash 792,000 1/1/11 Discount on 8,000 Bonds Payable Bonds Payable 800,000 1.b 12/31 Interest Expense Premiums on Bonds Payable Cash 76,155,34 3,844.66 2.b 12/31 64,474,37 Interest Expense Discount on Bonds Payable Cash 474.37 80,000 64.000 Bonds Payable Cash 1,000,000 1.c 1/1/21 (maturity) 2.c 12/31/20 800,000 1,000,000 Bonds Payable Cash 800,000 1.d. Market rate . =) 2.d. Market rate > Stated rate (<.>,=) 1/1/01 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12 1.e. Bonds Payable 1.1 on B/P 1.g. Carrying Val B/P IF 2e Bonds Payable 2.1. on B/P 2.g. Carrying Val B/P 14. Comprehensive Final. You may choose to take a comprehensive final exam to replace one of your exam grades. I am going to ask you to provide the dollar amount of various subtotals from all of the financial statements we have studied in this class, given a list of accounts and their balances. Following is an example of a list of accounts without balances

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