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On 1/1/19, issued a bond with the following features: Maturity Value $400,000 Maturity Date 1/1/2029 (in 10 years) Stated Interest 5% Market Interest 4% Interest
On 1/1/19, issued a bond with the following features:
Maturity Value $400,000 Maturity Date 1/1/2029 (in 10 years)
Stated Interest 5% Market Interest 4%
Interest Payments Annually on 12/31
- The selling price of the bond is (includes both principle and interest)
- The amortization table for the first 4 years:
- What is the initial journal entry on 1/1/19 for this Bond?
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College Accounting, Chapters 1-15
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285639723, 9781285639727
