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I Onjune 30. 201?, Tamarisk Company issued $3,300,000 face value of 13%. 20-year bonds at $3,548,257, a yield of 12%. Tamarisk uses the effectiveinterest
\\ I Onjune 30. 201?, Tamarisk Company issued $3,300,000 face value of 13%. 20-year bonds at $3,548,257, a yield of 12%. Tamarisk uses the effectiveinterest method to amortize bond premium or discount. The bonds pay semiannual interest onjune 30 and December 3 l. *(a) Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 33,543. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1] The issuance of the bonds on June 30. 2017. (2] The payment of interest and the amortization of the premium on December 31, 2017. {3] The payment of interest and the amortization of the premium onJune 30. 2018. {4] The payment of interest and the amortization of the premium on December 31, 2018. "D Date Amount .T'H'BS and Debit Credit . Emlanahon {1} lune 30. 201? l l l ' I l ' I l a; members, 2017 l l l ' I l ' I l {3} 1...... 30. 2013 l l l ' I l
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