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Please explain how you find the amount for each part of the question. eBook Show Me How Print item Discount Amortization the first day of
Please explain how you find the amount for each part of the question.
eBook Show Me How Print item Discount Amortization the first day of the fiscal year, a company issues a $1,500,000, 9%, 9-year bond that pays somvannual interest of $67,500 ($1,500,000 X 9 X ). receiving cash of $1,331,309 Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar, 1 an amount box does not require an entry, leave it blank Interest Expense Discount on Bonds Payable Cash 100 110
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