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Problem 14-4A Recording bonds Issued at a discount LO5 = CHECK FIGURES: 1a. Cash $526,929; 1b. Cash = $32,400 Refer to the amortization schedule
Problem 14-4A Recording bonds Issued at a discount LO5 = CHECK FIGURES: 1a. Cash $526,929; 1b. Cash = $32,400 Refer to the amortization schedule prepared in Problem 14-3A. Assume JetCom Inventors Inc. has a January 31 year-end, Required Part 1 Record the following entries: a. Issuance of the bonds on June 1. 2023 b. Payment of interest on December 1, 2023 4 c. Adjusting entry to accrue bond interest and discount amortization on January 31, 2024 d. Payment of interest on June 1, 2024 Part 2 Show how the bonds will appear on the balance sheet under non-current liabilities at January 31, 2025.
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
