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p can your please answer the question a,b and c quickly and correctly? make sure please don't screenshot the answers On January 1, 2020, Ellison
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can your please answer the question a,b and c quickly and correctly? make sure please don't screenshot the answers
On January 1, 2020, Ellison Co. issued eight-year bonds with a face value of $5,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. a) Determine the issue price of the bond on January 1, 2020 and make the journal entry to record the sale. b) Prepare the amortization table for 2020, 2021 and 2022. (UPLOAD IN THE OTHER FOLDER) c) Make the entry to buy back the bond on December 31, 2022 at the different prices below: 0 $5,500,000 (m) $3,500,000Step by Step Solution
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