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Sylvestor Company issues 8%, five year bonds, on December 31, 2016, with a par value of $90,000 and semiannual interest payments. Sylvestor Company issues 8%,
Sylvestor Company issues 8%, five year bonds, on December 31, 2016, with a par value of $90,000 and semiannual interest payments.
Sylvestor Company issues 8%, five-year bonds, on December 31, 2016, with a par value of $90,000 and semiannual interest payments. Semiannual Persod-End Un amortite Carrying Value Discount (0) 12/31/2016 $7,600 $ 82,400 (1) 6/30/2017 6,840 83.160 (2) 12/31/2017 6,080 83,920 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on December 31, 2016; (b) the first interest payment on June 30, 2017; and (c) the second Interest payment on December 31, 2017 Connect Part 6 Journal entry worksheet 5 6 G Connect Part 1 Journal entry worksheet 1 20 3 Record the interest payment and amortization on June 30, 2017 COM Note: Enter debits before credits Print Credit General Journal Terences Jun 30, 2017 Recorder Clear entry View general Journal 6 8 R nect Part Journal entry worksheet 27 A 9 Step by Step Solution
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