Question
Straight-Line Premium Amortization On January 1, 2013, Hackman Corporation issued $1 million face value 8% bonds dated January 1, 2013, for $1,032,000. The bonds pay
Straight-Line Premium Amortization
On January 1, 2013, Hackman Corporation issued $1 million face value 8% bonds dated January 1, 2013, for $1,032,000. The bonds pay interest semiannually on June 30 and December 31 and are due December 31, 2017. Hackman uses the straight-line amortization method.
| 2013 | Cash | $1,032,000 | |
| Jan 1 | Bonds Payable | $????? | |
| Premium on Bonds Payable | $????? | ||
| 2013 | Interest Expense | $????? | |
| June 30 | Premium on Bonds Payable | $????? | |
| Cash | $????? | ||
| 2013 | Interest Expense | $????? | |
| Dec 31 | Premium on Bonds Payable | $????? | |
| Cash | $????? |
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Essentials Of Crm
Authors: Bryan Bergeron
1st Edition
0471206032, 978-0471206033
