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> 9-62 Bond Discount Transactions (Alternates are 9-59 and 9-60 2.) Assume that on December 31, 2009, Oslo Dahler issued NKR20 million of 10-year, 10%

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> 9-62 Bond Discount Transactions (Alternates are 9-59 and 9-60 2.) Assume that on December 31, 2009, Oslo Dahler issued NKR20 million of 10-year, 10% debentures. Proceeds were NKR15,762,000; therefore, the market rate of interest was 14%. (NKR is the Norwegian kroner.) 1. By using the balance sheet equation format, prepare an analysis of transactions for Oslo Dahler. Key your transactions as follows: (a) issuance, (b) first semiannual interest using effective interest amortization of bond discount, and (c) payment of maturity value. Round all amounts to the nearest thousand. 2. Prepare corresponding journal entries for (a), (b), and (c) in requirement 1. 3. Show how the bond-related accounts would appear on Oslo Dahler's balance sheets as of December 31, 2009, and at the end of the following year, December 31, 2010. Assume that Oslo Dahler has already recorded the semiannual interest payments and amortization

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