Using a Premium Amortization Table (Straight Une) For Dingle Corporation, the following amortization table was...
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Using a Premium Amortization Table (Straight Une) For Dingle Corporation, the following amortization table was prepared when $400,000 of 5year,7% bonds were sold an 3anuary1,2024, for $422,000. Required: 1. Prepare the entry to recognize the issuance of the bonds on January 1, 2024. If an amount box does not require an entry, leave it blank. 2024jan,1 Record issuance of bones at premum 2. Prepare the entry to recognize the first interest payment on June 30, 2024, If an amount box does not rec 2024 June 36 3. Determine what interest expense for this bond issue Dingle will report in its 2025 income statement. 1 4. Indicate how these bonds will appear in Dingie's December 31,2027 , balance sheet
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