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On December 3 1 , 2 0 2 2 , Potter Corporation issued 2 , 0 0 0 , 0 0 0 , 6 %
On December Potter Corporation issued year bonds for The bonds were sold to yield an effectiveinterest rate market interest rate of Interest is paid annually on December The company uses the effectiveinterest method of amortization. Instructions a Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates Round to the nearest dollar. b Prepare the journal entries that Potter Corporation would make on December and December and December related to the bond issue.
On December Potter Corporation issued year bonds for The bonds were sold to yield an effectiveinterest rate market interest rate of Interest is paid annually on December The company uses the effectiveinterest method of amortization.
Instructions
a Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates Round to the nearest dollar.
b Prepare the journal entries that Potter Corporation would make on December and December and December related to the bond issue.
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