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On May 1, Caliope Co. issued $400,000,8%, 6-year bond with interest paid on October 31 and April 30. At the time of bond issuance, the
On May 1, Caliope Co. issued $400,000,8%, 6-year bond with interest paid on October 31 and April 30. At the time of bond issuance, the interest rate for similar investment opportunities was 4.5% Caliope Co. amortizes bond discounts/premiums by the effective interest method. (Round your calculations to the closest integer no decimals) Required: Record the following journal entries. (a) At the issuance of the bonds on May 1 (b) At the first semi-annual interest payment date on October 31 (c) At December 31, the fiscal year-end for Caliope Co B I y s IX EEE DE 31 X X Insert Formula Enter your answer in the form of an essay. . BE . W On Ma... Take a MED 3712 ... A
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