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correct solutiom required 4 Amortization analysis and journal entries (L.O. 2, 3, 5) The following schedule reflects Zeta Corporation's issuance of 3-year bonds on January
correct solutiom required
4 Amortization analysis and journal entries (L.O. 2, 3, 5) The following schedule reflects Zeta Corporation's issuance of 3-year bonds on January 1, 19X5, and the subsequent interest amounts: - Difference due to rounding. Instructions a Did Zeta Corporation use the straight-line or effective-interest amorti. zation method? Explain your answer. Effection unla b Determine whether the bonds were issued at a premium or at a discount. Explain your answer. Dremin c What is the annual contract interest rate on the bonds? 10.L d Present the journal entry to record the bond issuance on January 1 . 19X5. The bonds are dated January 1, 195. e Present the journal entries required on June 30,196Step by Step Solution
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