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Huskie Corp. issued 5%, 14-year bonds on January 1, 2020 at 103. The bonds had a face value of $18,000,000 and pay interest each July
Huskie Corp. issued 5%, 14-year bonds on January 1, 2020 at 103. The bonds had a face value of $18,000,000 and pay interest each July 1 and January 1. Any premium or discount will be amortized on a straight-line basis. The entry to record the issuance of the bonds will include a
credit of $540,000 to Premium on Bonds Payable. | ||
debit of $540,000 to Discount on Bonds Payable. | ||
credit of $501,429 to Premium on Bonds Payable. | ||
debit of $540,000 to Premium on Bonds Payable. |
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