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can you please put how you get the answer too! ULATORPRINTER VERSION BACK Exercise 10-22 Concord Corporation issued $435,000, 996, 2 January 1. Concord uses
can you please put how you get the answer too!
ULATORPRINTER VERSION BACK Exercise 10-22 Concord Corporation issued $435,000, 996, 2 January 1. Concord uses the effective-interest method to amortize bond premium or discount. 0-year bonds on January 1, 2017, for $397,965. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable annually on e schedule using effective-interest method to amortize bond premium or discount of Concord Corporation. (Round answers to o decimal places, e.g. 5,25o.) Interest Interest to Interest Expense Discount Unamortized Periods Bond Be Paid to B e Recorded Amortization Discount Carrying Value issue date 39150 39150 39150 39796 Prepare the journal entry to record the issuance of the bonds. (Round answers to o decimal places, e.g. 5,275. Credit account titles Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Cash Discount on Bonds Payable Bonds Payable
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