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just need req 2 A company issued 8%, 10-year bonds that mature on June 30, 2028. The bonds were issued on June 30, 2018. Interest
just need req 2
A company issued 8%, 10-year bonds that mature on June 30, 2028. The bonds were issued on June 30, 2018. Interest is paid each June 30 and December 31 after issuance. Assume the straight-line amortization method Req 1 a premium If the market interest rate was 7% at issuance, the bonds were issued at a discount If the market interest rate was 9% at issuance, the bonds were issued at Req 2. Assume that $900,000 of the bonds had been issued at 86. Show the reporting on the company's balance sheet on December 31, 2018. (All amounts rounded to the nearest whole dollar.) Carrying amount at December 31, 2018 Long-term Liabilities: Bonds Payable 900,000 Discount on Bonds Payable LessStep by Step Solution
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