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On joy.2017. Raymond Manufacturing Ltd (RML) purchased $200.000 (per value) of ABC Company's 8 bonds Because the market rate was 9% RML purchased them for
On joy.2017. Raymond Manufacturing Ltd (RML) purchased $200.000 (per value) of ABC Company's 8 bonds Because the market rate was 9% RML purchased them for $136.992. The bonds by interesserary on December af are fur 20. Resteemed cut mode and the effective interest method to recognize interest income on bond investments 4. Rounding values to the nearest dollarit necessary, the entry to recognise receipt of the first interest payment on December 31, 2017 will include: (3) (Provide enough calculation steps) a) debit to Cash of 59.000 b) credit to interest income of 58.415 debit to Cash of 1415 d) credit to interest income of 58.000 For the press ALT+F101 GALTFE-F10 Med BIS Paraph 14
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