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Required information Problem 10-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike Issues $130,000 of
Required information Problem 10-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike Issues $130,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $133,201. When the market rate is 12%. Problem 10-10AB Part 4 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet < 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 General Journal Debit Credit 9 < Prev of 11 Next >
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