QUESTION 1 Ama Company points Save Argver 12 10-year bonds with a par value of BD...
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QUESTION 1 Ama Company points Save Argver 12 10-year bonds with a par value of BD 1,000,000 on January 1, 2018 interest is to be paid semannually on each June 30 and December 31. The bonds are issued at 80 1.073807 cash when the market rate for this bond 10 Required A) Prepare the journal entry to record the issuance of the bonds on January 1, 2018 Prepare the journal entry to record the first semiannual interest payment on June 30, 2018 assume that Amwaj uses the straighte method of amortization of any docount or premiums C) Prepare the journal entry to record the retirement of the bonds at maturity assume that all interest payments have already been made For the toolbar, press ALT-10 (PC or ALT FNF10 (Mac BIU Paragraph Arial 14px E A 2 I x QUESTION 1 Ama Company points Save Argver 12 10-year bonds with a par value of BD 1,000,000 on January 1, 2018 interest is to be paid semannually on each June 30 and December 31. The bonds are issued at 80 1.073807 cash when the market rate for this bond 10 Required A) Prepare the journal entry to record the issuance of the bonds on January 1, 2018 Prepare the journal entry to record the first semiannual interest payment on June 30, 2018 assume that Amwaj uses the straighte method of amortization of any docount or premiums C) Prepare the journal entry to record the retirement of the bonds at maturity assume that all interest payments have already been made For the toolbar, press ALT-10 (PC or ALT FNF10 (Mac BIU Paragraph Arial 14px E A 2 I x
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