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Exercise 9-14B Record bonds issued at a discount and related annual interest (L.09-5) [The following information applies to the questions displayed below] On January 1,
Exercise 9-14B Record bonds issued at a discount and related annual interest (L.09-5) [The following information applies to the questions displayed below] On January 1, Year 1, a company issues $520,000 of 5% bonds, due in 15 years, with intetest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $469.499. Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31, Year 2. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field, Round your final answers to the nearest whole dollar.) Journal entry worksheet Exercise 9-14B Record bonds issued at a discount and related annual interest (LO9-5) [The following information applies to the questions displayed below] On January 1, Year 1, a company issues $520,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $469,499. Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31, Year 2. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) Journal entry worksheet Record the first annual interest poyment. Journal entry worksheet Record the second annual interest payment. Note. Enter dehess betore credia
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