Question
Question 8 (Bond issued at premium) Assume the same facts as question 7 expect the bonds were issued for $644,636 and the effective interest rate
Question 8 (Bond issued at premium)
Assume the same facts as question 7 expect the bonds were issued for $644,636 and the effective interest rate is 6%. Prepare the companys journal entries for (a) the January issuance, (b), the July 1 interest payment, and (c) the December 31 adjusting entry.
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Forensic Accounting And Fraud Examination
Authors: Paul Barnes
1st Edition
1118454138, 978-1118454152
