entries for issuing bonds in amortizing premium by straight line method DAAN corporation wholesales repair products to equipment manufacturers. On April 1, 2016

ebook Calculator Printiem Amortize discount by interest method Instructions Chart of Accounts Journal Additional Question Final Question Instructions Additional Question On January 1, the first day of its fiscal year. Ebert Company issued $12.500.000 of 10 year, 9% bonds to finance its perations. Interest is payable semiannually. The bonds were issued at a market activ ererate of 11% wing in the Company receiving cash of $11.006.214. The company the method B. Compute the amount of the bond interest expense for Annual interest paid Discount amortized Interest expense for first Required: A Joumate the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles 1. Sale of the bonds 2. First semival interest payment, including amortization of discount found to the nearest do 3. Second Semanual interest payment including amortization of our found to the nearest dollar B. Compute the amount of the bond interest expense for the first year C. Explain why the company was able to the bonds for only $11.000.24 rather than for the face amount of $12.500.000 Points: 0/3 Feb Oh My Won As the discount or premium is amortized, the carrying amount of the bond charges. As a nesut, interest expense also changes each period Check My Work Assignment Score: 32.43% All work wed Save and Beru