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Homework Cha... 1 Saved ave & EXIT Submit Check my work 7 Required information Part 3 of 4 [The following information applies to the questions
Homework Cha... 1 Saved ave & EXIT Submit Check my work 7 Required information Part 3 of 4 [The following information applies to the questions displayed below.) 1.25 points Skipped eBook On January 1, 2019, Learned Inc. issued $105 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Print References b-2. Assume instead that the proceeds were $108,600,000. Record the journal entry to show the payment of semiannual interest and the related premium amortization on June 30, 2019, assuming that the premium of $3,600,000 is amortized on a straight- line basis. (Enter your answers in dollars, rather than in millions of dollars. If no entry is required for a Check my work ! ia Required information View transaction list of 4 Journal entry worksheet
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