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Problem 12-4 Ritter Company issues $500,000 of 10%, 10-year bonds on January 1, 2015 at 95. Interest is payable annually on December 31. Ritter has
Problem 12-4 Ritter Company issues $500,000 of 10%, 10-year bonds on January 1, 2015 at 95. Interest is payable annually on December 31. Ritter has a calendar year end and uses the straight-line method of amortization. 1. 2. 3. 4. Prepare the journal entry for January 1, 2015. Prepare the journal entry for December 31, 2016. Show how the bond would appear on the December 31, 2016 Balance Sheet. Prepare the amortization table for Ritter Company's bonds, using the following headings: Date/ Period Interest Payment Amortization of Discount Interest Expense Unamortized Discount Carrying Value 5. Prepare the journal entry for January 1, 2025 when the bond matures
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