Question
Duval Co. issues four-year bonds with a $118,000 par value on January 1, 2019, at a price of $113,864. The annual contract rate is 6%,
Duval Co. issues four-year bonds with a $118,000 par value on January 1, 2019, at a price of $113,864. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Record the interest payment and discount amortization on June 30,2019 and December 31, 2019.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
