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Question 6 of 6 ./1 View Police Current Attempt in Progress The following information is taken from heted Comos balance sheet at December 31, 2016
Question 6 of 6 ./1 View Police Current Attempt in Progress The following information is taken from heted Comos balance sheet at December 31, 2016 $4,500 Current liabilities Interest payable Long-term bites Bonds payable (43 de lunary 1, 2027) Less Discount on bonds payable $4,440,00 44.400 4,395,000 Interest is payable annually on January 1. The bands are calable on arwal interest date Sheffield uses straight-line amortization for any bond premium or discount. From December 31, 2016 the bonds will be outstanding for an additional 10 years 120 month A) 16 ICT Journalize the payment of bond interest on January 1, 2017 Prepare the entry to amortize bond discount and to accrue the interest on December 31, 2017 Assume on January 1, 2014, alter paying interest that she held Corp calls bonds having a face value of 5740 000. The call price is 102. Record the redemption of the bonds Prepare the justing entry at December 31, 2018.to amorti bod discount and to accrue interest on the mining bonds Oedit anunciare automatically wented when amount is entenderetindent may Mo. Date Account Titles and Explanation Debit Credit lan 2 2017 18 Dec 31 2017 10 1 2018 Ici 1 2018 id Dec 31 2018 Testbook and Media
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