Financial and Managerial Accounting - Workingpapers
Financial and Managerial Accounting - Workingpapers
15th Edition
ISBN: 9781337912112
Author: WARREN
Publisher: CENGAGE L
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Chapter 11, Problem 4PB

1.

To determine

Prepare: Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1.

2. a.

To determine

Prepare journal entry to record first interest payment and amortization of bond discount on December 31, 20Y1.

b.

To determine

Prepare journal entry to record second interest payment and amortization of bond discount on June 30, 20Y2.

3.

To determine

Determine the amount of total interest expense for 20Y1.

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Financial and Managerial Accounting - Workingpapers

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