Question
Carson Citys capital projects fund issued $1,000,000 of 10-year 3% serial bonds at 102 on June 15, 2023. Interest payments are made each December 15
Carson City’s capital projects fund issued $1,000,000 of 10-year 3% serial bonds at 102 on June 15, 2023. Interest payments are made each December 15 and June 15. Annual principal payments begin on June 15, 2024. If the premium is amortized evenly (over 20 interest periods), record the December 15, 2023, interest payment.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
