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Question 4 0 pts Flamingo Fabricators On April 1, Flamingo Fabricators issues 7%, 10-year, $400,000 par value bonds that pay interest semiannually each March 31
Question 4 0 pts Flamingo Fabricators On April 1, Flamingo Fabricators issues 7%, 10-year, $400,000 par value bonds that pay interest semiannually each March 31 and September 30. The bonds sold at $412,000. The company uses the straight-line method of amortizing bond discounts and premiums. Prepare the general journal entry to 1. Record the issue of the bond on April 1, and 2. Record the first interest payment on September 30. Edit View Insert Format Tools Table 12pt Paragraph B I U DV Cash Premium on Bonds Payable $12,000 Bonds Payable $400,000 Interest Expense Amortization Discount Cash $28,000 28 words I April 1st 1. 2. table tbody> tr td T: $412,000 $26,800 $1,200 G
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