issuing price is equal to 935536 und d the following entries: And the fol...
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issuing price is equal to 935536
und d the following entries: And the fol ce of the bonds on October 1, 2020 Issuance of the A Adjusting entry entry to accrue bond interest and premium amortization on November 30, 20 ment of interest on October 1, 2021 Anment of Part 2 the bond will appear on the balance sheet under non-current liabilities at November 30, show how the bar A Exercise 14-18 CHECK FIGURE 14-18 Amortization of bond premium L04,6 FIGURES: a. $935,536 (Pv tables) or $935,560 (calculator); b. Total interest expense: $568,965 $568,940 (calculator) tober 1, 2020, Best Biopharma Inc. issued an $850,000. 114 seven-year bond. Interest is to be paid an On October 1, 2013 nually each October 1. Required Calculate the issue price of the bond assuming a market interest rate of 9%. Prepare an amortization schedule similar to Exhibit 14.15 using the effective interest method. Exercise 14-19 Recording bonds issued at a premium L06 Refer to the amortization schedule prepared in Exercise 14-18. Assume a November 30 year-end. Required Part 1 Record the following entries: 2. Issuance of the bonds on October 1, 2020 Adjusting entry to accrue bond interest and premium amortization on November 30, 2020 Payment of interest on October 1, 2021
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