Question
Equipment Rental Co. issued $90,000 of 6% bonds on January 1 at a discount of $6,821. Interest expense reported during the year totaled $5,809, while
Equipment Rental Co. issued $90,000 of 6% bonds on January 1 at a discount of $6,821. Interest expense reported during the year totaled $5,809, while amortization amounted to $409.
book value of bonds at end of year?
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
