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I need NEAT answers fast, I will upvote thanks. Question 1 XYZ Corporation sells a $ 100,000 bond for $102,000, on January 1, 2015.This is
I need NEAT answers fast, I will upvote thanks.
Question 1 XYZ Corporation sells a $ 100,000 bond for $102,000, on January 1, 2015.This is a 10-year, 10% bonds with an effective-interest rate of approximately 9479% . Interest is payable annually on January 1s Interest Interest Interest Premium Unamortized 1Bond brded i Amontizationanying value Issue Date 2 3 (a) Make journal entry to record the issuance of bonds (b) Make journal entry to record the accrual of interest for period two and amortization of bond discount (c) Make journal entry to record the payment of the bond interest for period two. Makinurnal entry to record to record the redemption of the bond at maturity date Step by Step Solution
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