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M 1 0 - 1 1 ( Algo ) Recording the Issuance and Interest Payments of a Bond Issued at a Discount ( StraightLine Amortization
MAlgo Recording the Issuance and Interest Payments of a Bond Issued at a Discount StraightLine Amortization with a Discount Account L
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Alana Company sold bonds with a face value of $ for $ The bonds have a coupon rate of percent, mature in years, and pay interest semiannually every June and December
All of the bonds were sold on January of this year. Using a discount account, record the sale of the bonds on January and the payment of interest on June of this year. Alana uses the straightline amortization method.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your final answers to nearest whole dollar amounts.
Answer is not complete.
tableNoDate,General Journal,Debit,Credit,January Cash,,Bond discount,,Bonds payable,,June Interest expense,Bond discount,,,
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