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and aslo add a bond amortization schedule in an excel sheet after solving the question in the picture Novak Cleaners issued 900,000 of 8%,20-year bonds
and aslo add a bond amortization schedule in an excel sheet after solving the question in the picture
Novak Cleaners issued 900,000 of 8%,20-year bonds on January 1,2022 , at 110.677 to yield 7% Interest is payable semiannually on July 1 and danuary 1 . Prepare the journal entries to record the following. ICredit account titles are outamatically indented when the amount is entered. Do not indent manvilly. Round answers to 0 decimal ploces, ess 5,275. Uf no entry is required, select "No Entry" for the account titles and enter of for the. amounts) (a) The issiance of the bonds. (b) The payment of interest and the related amortization on July 1, 2022. (c) The accrual of interest and the related amortization on December 31, 2022 (c) The accrual of interest and the related amortization on December 31.2022 Step by Step Solution
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