Entries for Lssuing Bands and Amortizing Premism by Straight-Line Methad 5%, receiving cash of $4,039,817....
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Entries for Lssuing Bands and Amortizing Premism by Straight-Line Methad 5%, receiving cash of $4,039,817. Interest is payable semiannually on April 1 and October 1. a. Joumalize the entry to record the issuance of bonds on April 1. If an amount box does not require an entry, leave it blank. Fecdas:k - Check My loork combined with the semiannual interest payment. Round to the nearest dollar. If an ambunt bex daes not require an entry, leave it blank. I net-an-k Bheck My' Hork c. Why was the company able to issue the bands for 54,039,817 rather than for the face amount of $3,900,DDO ? The market rate of interest is the contract rate of interest
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