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On the go Gas comp. issued a 5 year $100,000 Bond with coupon rate of 10% on January 1, 2010. Interest is paid yearly on
On the go Gas comp. issued a 5 year $100,000 Bond with coupon rate of 10% on January 1, 2010. Interest is paid yearly on December 31. The market interest rate is 8%
| Make journal entries to record interest payments for years 2010, 2011 and 2012 using the effective interest rate method | ||
| Prepare a partial balance sheet as of Dec. 31, 2012 | ||
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
