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3) answers needed Is this bond issued at par value, at a discount, or at a premium? This bond pays interest semi-annually. How many total
3) answers needed
Is this bond issued at par value, at a discount, or at a premium? This bond pays interest semi-annually. How many total interest payments will be made? What is the amount of each semi-annual interest payment? How much cash will Morimoto receive when one bond is issued? If there is a discount or premium, how much is it? If there is a discount or premium, how much will be amortized with each interest payment? How much interest expense will be recorded each time a semi-annual interest payment is made? Prepare the journal entry to record the issuance of one bond. DR: Prepare the journal entry to record the semi annual interest payment on one bond. DR: CR: Prepare the journal entry to retire the bond. DR: CR Step by Step Solution
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