Question
On January 1, 2015, Geller Company issued its 8% bonds in the face amount of $3,000,000 which mature on January 1, 2015. The bonds were
On January 1, 2015, Geller Company issued its 8% bonds in the face amount of $3,000,000 which mature on January 1, 2015. The bonds were issued for $3,441,591 to yield 6%. Geller uses the effective-method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2016, the adjusted unamortized bond premium should be
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
