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On January 1, 2019, Discount Tires issued $4,000,000, 10%, 10 year bonds, with interest payable semi annually. Market interest rate on the date of issue
On January 1, 2019, Discount Tires issued $4,000,000, 10%, 10 year bonds, with interest payable semi annually. Market interest rate on the date of issue was 11%. Issue price was $3,760,992. 3 Prepare the amortization schedule and journalize the bonds issue as well as the first two interest payments. a Do not round off intermediate calculations. Round off to your final inputs to the nearest dollar amount. a. Amortization Schedule
On January 1, 2019, Discount Tires issued $4,000,000, 10%, 10 year bonds, with interest payable semi annually. Market interest rate on the date of issue was 11% Issue price was $3,760,992. Prepare the amortization schedule and journalize the bonds issue as well as the first two interest payments. Do not round off intermediate calculations. Round off to your final inputs to the nearest dollar amount a. Amortization Schedule
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
