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On the first day of the fiscal year, a company issues a $1,900,000, 12%, 8 year bond that pays somannual interest of 553
Posted: Tue Nov 16, 2021 9:37 am
by answerhappygod
- On The First Day Of The Fiscal Year A Company Issues A 1 900 000 12 8 Year Bond That Pays Somannual Interest Of 553 1 (13.54 KiB) Viewed 165 times
On the first day of the fiscal year, a
company issues a $1,900,000, 12%, 8 year bond that pays somannual interest of 5534,000 (8.900,000 12. recinho $7,679,608 Journalize the first interest payment and the amortization of the related bond discount. Round to the east dollar. If an amount box does not require any leave it blank Interest Expense 601.799X Discount on Ronds Payable 67,709 X Cash 534.000