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On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000. Present entries to record the following transactions. (a) Issuance
On June 30, Jamison Company issued $2,500,000 of 10-year, 9% bonds, dated June 30, for $2,580,000. Present entries to record the following transactions.
| (a) | Issuance of bonds. |
| (b) | Payment of first semiannual interest on December 31 (record separate entry from premium amortization). |
| (c) | Amortization by straight-line method of bond premium on December 31. |
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Fair Value Measurement Practical Guidance And Implementation
Authors: Mark L. Zyla
3rd Edition
1119191238, 9781119191230
