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Hi, please help with part c! Please provide detailed solution of how you get this answer! Thanks! Exercise 14-9 (Part Level Submission) On June 30,
Hi, please help with part c! Please provide detailed solution of how you get this answer! Thanks!
Exercise 14-9 (Part Level Submission) On June 30, 2017, Nash Company issued 54,400,000 face value of 13%, 20-year bonds at $4,731,010, a yield of 12%. Nash uses the effective pay semiannual interest on June 30 and December 31 terest method to a mort ze bond prem um or discount. The bonds Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on June 30, 2017 (2) The payment of interest and the amortization of the premium on December 31, 2017 (3) The payment of interest and the amortization of the premium on lune 30, 2018 (4) The payment of interest and the amortization of the premium on December 31, 2018Step by Step Solution
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