Question
a company issued bonds on Jan 1, 2021 for a $1,000,000 expansion of corporate operations over a 5-year period. Contract interest rate is 8% and
a company issued bonds on Jan 1, 2021 for a $1,000,000 expansion of corporate operations over a 5-year period. Contract interest rate is 8% and yield rate is 10%. Interest payments per semester.
QUESTIONS: 4. Amortization and interest journals for 2021. 5. On 1 Jan 2023, the bond was withdrawn at an interest rate of 9%. How the journal to record the transaction.
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IT Auditing An Adaptive Process
Authors: Robert E. Davis
1st Edition
0557220513, 978-0557220519
