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Problem 14-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike issues $130,000 of 13%, three-year bonds
Problem 14-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike issues $130,000 of 13%, three-year bonds dated January 1, 2019. that pay interest semiannually on June 30 and December 31. They are issued at $133,201. When the market rate is 12%. Problem 14-10AB Part 3 3. Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Bond Interest Paid Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 [The following information applies to the questions displayed below.) Ike issues $130,000 of 13%, three-year bonds dated January 1, 2019. that pay interest semiannually on June 30 and December 31. They are issued at $133,201. When the market rate is 12% Problem 14-10AB Part 4 4. Prepare the journal entries to record the first two interest payments View transaction list Journal entry worksheet
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