Posted: August 10th, 2015
Considering the bond in #1, what would be the initial entry if you sold
. Considering the bond in #1, what would be the initial entry if you sold it for $104,000? What would be the bond interest expense for each payment? What be the total cost of the bond? What would be the final entry when you pay off the bond? Show an amortization schedule for the premium. What would be the interest expense transaction?
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