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And journalize for dates Dec. 31, Jun 30, and Dec.31 On December 31, 2016, when the market interest rate is 12%. Vincent Realty issues $500,000
And journalize for dates Dec. 31, Jun 30, and Dec.31
On December 31, 2016, when the market interest rate is 12%. Vincent Realty issues $500,000 of 9.25%. 10-year bonds payable. The bonds pay interest semiannually. The present value of the bonds at issuance is $421, 244. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round all numbers to the nearest whole dollar.) Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round all numbers to the nearest whole dollar) Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments.(Record debits first, then credits. Select explanations on the last line ofStep by Step Solution
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