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please help with accounting, with detailed answers. thank you Kaselitz Corp. issued a $100,000. 9%. 5-year bond on 1/1/16. Interest is paid each June 30
please help with accounting, with detailed answers. thank you
Kaselitz Corp. issued a $100,000. 9%. 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $104, 055 to yield 8%. The effective interest method is used. Interest Expense in 2016 is: Select one: $9, 350 $8, 311 $9, 365 $9,000 $8,000 THE DATA FOR THIS QUESTION ARE THE SAME DATA AS THE PREVIOUS QUESTION Kaselitz Corp. issued a $100,000. 9%. 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $104, 055 to yield 8%. The effective interest method is used. The Unamortized Premium on Bonds Payable at 12/31/16 is: Select one: $3, 366 $3, 244 $3, 717 $3, 379 $3, 244Step by Step Solution
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