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i need the statement of financial position keep in mind that there is a place for only one account On January 1,2020, Sunland Company issued
i need the statement of financial position
On January 1,2020, Sunland Company issued 2,120,000,7%,10-year bonds at 2,276,034. This price resulted in a 6% effectiveinterest rate on the bonds. Sunland uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1 . Prepare the journal entries to record the following transactions. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on January 1, 2020. (2) Accrual of interest and the amortization of the premium on December 31, 2020 . (3) The payment of interest on January 1, 2021. (4) Accrual of interest and amortization of the premium on December 31, 2021. 5how the proper long-term liabilities statement of financial position presentation for the liability for bonds payable at December 31, 2021. FRound answers to 0 decimal places, eg. 15,250. Enter account name only and do not provide descriptive information.) keep in mind that there is a place for only one account
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