Question
Issued Bonds at a Discount (Effective Interest Crafty Corporation issued $475,000 of 5%, 7-year bonds on December 31, 2013, for $448,484. Interest is paid annually
Issued Bonds at a Discount (Effective Interest
Crafty Corporation issued $475,000 of 5%, 7-year bonds on December 31, 2013, for $448,484. Interest is paid annually on December 31. The market rate of interest is 6%.
Prepare the journal entry for December 31, 2014 and 2015. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest whole dollar
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
