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On February 28, 20X4, Jamatt Industries purchased a $200,000, 6%, 4 year bond for $186,751. The bond pays interest annually on March 1. The market
On February 28, 20X4, Jamatt Industries purchased a $200,000, 6%, 4 year bond for $186,751. The bond pays interest annually on March 1. The market interest rate at the time of purchase was 8%. Jamatt using the effective interest method to measure interest revenue. The entry to record interest revenue on March 1, 20X5 would include what amount of credit to interest revenue?
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
