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10b7 please the Maiul T recordui 20xI adjusting entries, and immediately after making the March 1, 20x2 payment HAMMER repurchases all the bonds for $160,000.
10b7 please
the Maiul T recordui 20xI adjusting entries, and immediately after making the March 1, 20x2 payment HAMMER repurchases all the bonds for $160,000. 10B-6*. For the situation described in 10B-3 and 10B-4, assume that Requiredt Show the entry necessary to record HAMMER's repurchase of the bonds. 10B-7. (Similar to problem 10B-4) TONG Incorporated issues 10-year bonds with a face value of $330,000 and a stated annual interest rate of 10%, paid semi-annually. The bonds sold at a price of 89 (89% of face value). The effective annual interest rate is 12%. Required: Prepare the bond amortization table for these bonds for the first four six-month periods. 10B-8. (Similar to problem 10B-5) For the situation described in 10B-7 assume that the bonds were issued on March 1, 20x1. Required: Use the amortization table to determine the entries required to record the September 1, 20x1 interest payment, the necessary December 31, 20x1 adjusting entries, and the March 1, 20x2 interest payment. 10B-9. (Similar to problem 10B-6) For the situation described in 10B-7 and 10B-8, assume that immediately after making the March 1, 20x2 payment TONG repurchases all the bonds for $220,000. Required: Show the entry necessary to record TONG's repurchase of the bonds
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