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Question 3 (10 points) C1, D3 At the beginning of 2018 Raaf Company issued (4 years) $200,000 bonds when the stated rate was 5% and
Question 3 (10 points) C1, D3 At the beginning of 2018 Raaf Company issued (4 years) $200,000 bonds when the stated rate was 5% and the market one was 3%. Instructions: 1- Calculate the premium or discounts on bonds. 2- Prepare the amortization schedule. 3- Prepare the journal entry at the issuing date and at the end of 2019. a- Issuing date: b- At the end of 2019: 4. If the company recalled its bonds at the end of the second year at $180,000 of its face value prepare the recalling entry
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