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Im not sure if i put the inputs correct or not. Please fill the numbers as well Exercise 10-16A (Algo) Straight-line amortization for bonds issued
Im not sure if i put the inputs correct or not. Please fill the numbers as well
Exercise 10-16A (Algo) Straight-line amortization for bonds issued at a discount LO 10-4 On January 1, Year 1, Price Company issued $321,000 of five-year, 7 percent bonds at 99 . Interest is payable annually on December 31. The discount is amortized using the straight-line method. Required Prepare the journal entries to record the bond transactions for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Step by Step Solution
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