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exercise 10-3A straight-line of bond premium LO P1, P3 SOLVE WHOLE PROBLEM swad Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 His de
exercise 10-3A straight-line of bond premium LO P1, P3
SOLVE WHOLE PROBLEM
swad Problem 10-3A Straight-Line: Amortization of bond premium LO P1, P3 His de issues S2 600 000 of 5% year bonds dated January 1, 2017, that pay interest semien ually on June 30 and December 31 The bonds are issued at a price af $3,182.390 Required: 1. Prepare the Jonuary 1, 2017, journal entry to record the bonds issuance 2ja) For each semiannual peniod, complete the teble below to caiculete the cash payment 2b) For each semiannual period, complete the table below to calculate the straight-ine premium amortization 2ic) For each semiannual period, complete the table below to calculate the bond interest expense 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life 4. Prepare the first two years of an amortization table using the straight-line method 5. Prepore the journal entries to record the first two interest peyments Complote this question by entering your answers in the tabs below. Req Req 24 to 2CReq 3 Reg 4 Req 5 Prepare the January 1 2017, Jjournal entry to record the bonds issuance. Journal entry worksheet |Record the issue of bonds with a par value of $2,600,000 cash on January 1, 2017 at an issue price of $3,182,390Step by Step Solution
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