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parts A B C and D are all under this question (d) On December 31, 2018, Remy's Raincoats recognizes interest expense incurred so far and
parts A B C and D are all under this question
(d) On December 31, 2018, Remy's Raincoats recognizes interest expense incurred so far and pays the annual cash payment. Record the journal entry to recognize this transaction (round to the nearest dollar). 4. On January 1, 2018, Remy's Raincoats issues three-year bonds with a coupon rate of 9% and a face value of $300,000. Interest will be paid each December 31 and the principal is due on December 31,2020 . The effective interest rate is 11%. (a) Is this bond issued at par, at a discount, or at a premium? Issued at discount (b) What is the issuance price of the bond? $384,939.89 (c) Record the journal entry on January 1,2018 to recognize the bond issuance. Round to the nearest dollar. Dr. Cash Dr. Bond discount Cr. Bonds payable Step by Step Solution
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