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Recording Bonds issued at a Discount-Effective Interest Tale Corporation issued $24,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1.Yale amortizes any bond discount or premium using the effective interest amortization method of the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates January 1, for nuance of bonds b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dolar. Data *L 30 Tunandibesu Account Name Dr. C

Recording Bonds issued at a Discount-Effective Interest Tale Corporation issued $24,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1.Yale amortizes any bond discount or premium using the effective interest amortization method of the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates January 1, for nuance of bonds b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dolar. Data *L 30 Tunandibesu Account Name Dr. C

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Recording Bonds issued at a Discount-Effective Interest Tale Corporation issued $24,000, (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1. Yale amortizes any bond discount or premium using the effective interest amortization method of the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates January 1, for nuance of bonds b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dolar. * Data 30 Account Name Tunandibesu Dr. C
Transcribed Image Text:Recording Bonds issued at a Discount-Effective Interest Tale Corporation issued $24,000, (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1. Yale amortizes any bond discount or premium using the effective interest amortization method of the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates January 1, for nuance of bonds b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dolar. * Data 30 Account Name Tunandibesu Dr. C
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