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Bond Issued at a Discount 2. On January 1, Borg Co. issued five $2,200, 4%, 20-year bonds at 92. Record the journal entry Interest and
Bond Issued at a Discount 2. On January 1, Borg Co. issued five $2,200, 4%, 20-year bonds at 92. Record the journal entry Interest and Amortization of Discount with Straight-Line Method 3. From Concept Check 2, record the June 30 semiannual payment and amortization of the discount. Use the straight-line method. Bond Issued at Premium 4. Redo Concept Check 2 with the staight-line method, assuming that the bond sells for 112. Interest and Amortization of Premium with Straight-Line Method 5. From Concept Check 4, record the June 30 semiannual payment and amortization of Premium on Bonds Payable
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