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I don't get what I am missing. I also tried 501,005 cash For reference this is the amortization schedule Recording Bond Entries and Preparing an
I don't get what I am missing. I also tried 501,005 cash
For reference this is the amortization schedule
Recording Bond Entries and Preparing an Amortization Schedule-Effective Interest Method, Premium interest method to amortize bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first two years of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. June 30 of Year 1, interest payment. 3. December 31 of Year 1, interest payment. Note: Round your answers to the nearest whole dollar. Note: Round amounts in schedule to the nearest whole dollar. Note: Do not use negative signsStep by Step Solution
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