please answer in detail with all work thanks The company X acquired a bond on 1/1/2022 AND with a maturity date of 1/1/ 2025 for a face value of 530,000 with a stated rate of 10 % and a marker rate ot 12% . Payments are received at the end of each year. Prepare the amortization schedule of the bond and record the necessary journal entries from the bondholder point of view

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please answer in detail with all work thanks

The company X acquired a bond on 1/1/2022 AND with a maturity date of 1/1/ 2025 for a face value of 530,000 with a stated rate of 10 % and a marker rate ot 12% . Payments are received at the end of each year. Prepare the amortization schedule of the bond and record the necessary journal entries from the bondholder point of view

 

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