Ayayai Co. sells $396,000 of 12% bonds on June 1,2025. The bonds pay interest on...
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Accounting
Ayayai Co sells $ of bonds on June The bonds pay interest on December and June The due date of the bonds is June The bonds yield On October Ayayai buys.back $ worth of bonds for $includes accrued interest Give entries through December
Prepare a bond amortization schedule using the effectiveinterest method for discount and premium amortization. Amortize premium or discount on interest dates and at yearend. Round answers to decimal places, eg
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Prepare all of the relevant journal entryles from the time of sale until December Assume that no reversing entries were made.Round present value factor calculations to decimal places, eg and the final answers to decimal places, eg Record entries in the order displayed in the problem statement. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.
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