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1. A, B, C On January 1, 2013, Krammer Company issued five-year, $50,000,000, 10% percent bonds for $51,500,000. Interest is paid semiannually on June 30
1. A, B, C On January 1, 2013, Krammer Company issued five-year, $50,000,000, 10% percent bonds for $51,500,000. Interest is paid semiannually on June 30 and December 31. Required: A) Record the issuance of the bonds on January 1, 2013. B) Record the first interest payment on June 30th assuming straight-line amortization. C) Record the repayment of the loan principal on December 31, 2017 (ignore the interest payment for this date)
1. A, B, C
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