Question
D Question 22 4 pts 1/1/20 Company 5Z issues bonds with a par value of $1,000,000, they mature in 10 years, and pay 6%
D Question 22 4 pts 1/1/20 Company 5Z issues bonds with a par value of $1,000,000, they mature in 10 years, and pay 6% interest semiannually on 6/30 and 12/31. The bonds are sold at a premium of 105% due to a contract rate that is more than the market rate. Amortization is straight line. The journal entry for the issuance of the bonds on 1/1/20 would have a debit to cash in the amount of: [Select] The journal entry for the issuance of the bonds on 1/1/18 would have a : [Select] The cash paid at each interest payment would be: [Select] The number of periods in the bonds payable is: [Select] When the interest payments are made, the premium on bonds payable is amortized by: [Select]
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