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i want the second one Question ZS 2019 income statement will report Loss on Impairment of? QUESTION 11 Electre Company issued 200,000 of 10% bonds
i want the second one
Question ZS 2019 income statement will report Loss on Impairment of? QUESTION 11 Electre Company issued 200,000 of 10% bonds on January 1, 2018 and received cash totaling 224,924 from Astro Company. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of $%. The bonds pay interest semiannually on June 30 and December 31. The maturity date of the bonds is December 31, 2024 Required: 2. Prepare the journal entry to record the issuance of the bends on the books Electro Company (2 marks) b. Prepare the journal entry to record the purchase of the bonds on the books of Astro Company. (2 marks) c Prepare the journal entries to record the first two interest payments on the books of both companies marks TTT Aria Step by Step Solution
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