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Answer all questions and provide all the solutions. Please make solutions very easy to find and visible! On September 1, ADC Comuerry borrowed $61,000 ori
Answer all questions and provide all the solutions. Please make solutions very easy to find and visible!
On September 1, ADC Comuerry borrowed $61,000 ori 6%, 9 morth ngte peyeble to XYZ Nebonel Denx. Gven no previous acjusting entres have been recordded. ABCs edjusting enty four montns later et O dehit to interest expense ot $915. it to interest cxpens of $2.745. O debit to interest expense of $3,660. O debit to interest expense o $1.220. debi Bonds with rated inarest rate of 8% and a tacs velua totelig $225.000 were issued 1or S231.750 on Jenuery 1, 2016, when the merket Interest rate wss 7%. The company uses ettecwHrarest bond Required: Determine the carry ng van afthbnnds at December a 1, 2017, (Round your answer to nearest whole dollar.) value On .lan rv 1. 201, a company Kuns 3-year bonds wiMAfRon value of S 170,000 and sated innrnst ena ot 7%, Because the merket interest rate is 5%, the company neotves $179,25Btor the bonds. ueestfTeslive-inleresi bond umurticulion.(Round your answers to the nearest whole dollar.) PeriadCash Interest Amortized Bonds P Premium on Carrying Pald Expanse Premlum Payable Bonds Payable Value 1012015 1231/201 123112017 12312018Step by Step Solution
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