Question
On January 1, 2021, $930000,5-year,5% bonds, were issued for $890331. The interest rate in effect when the bonds were issued was6%. Interest is paid semi-annually
On January 1, 2021, $930000,5-year,5% bonds, were issued for $890331. The interest rate in effect when the bonds were issued was6%. Interest is paid semi-annually on January 1 and July 1. What would be the amount of discount amortized on January 1, 2022? (Round intermediate calculations to 5 decimal places.)
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
