Financial Accounting (12th Edition) (What's New in Accounting)
Financial Accounting (12th Edition) (What's New in Accounting)
9th Edition
ISBN: 9780134726656
Author: Harrison
Publisher: PEARSON
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Chapter E, Problem E.13S

(Learning Objective 5: Calculate and record interest on a bond investment issued at a discount) Using the data from E-S-12, calculate the amount of discount amortization (using the straight-line amortization method) on July 1, 2018, and record the related journal entry. What is the total interest revenue for the first six months of 2018? (Hint: include both the interest received in E-S-12 and the discount amortization from this exercise.)

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Financial Accounting (12th Edition) (What's New in Accounting)

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