Prepare debits and credits through the life of the bond

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Reference no: EM131293708

On 7/1/14 sasha issued $2,000,000 12% bond, maturing in 5 years with a yield of 10% compounded semi annually. The bonds are accounted for under the effective interest method. 1. At what amount were the bonds issued? 2. Prepare debits and credits through the life of the bond. 3. Prepare the original journal entry. 4. Prepare amortization schedule. 5. prepare journal entry to record the 12/31/15 interest related to the bond

Reference no: EM131293708

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Prepare debits and credits through the life of the bond : On 7/1/14 sasha issued $2,000,000 12% bond, maturing in 5 years with a yield of 10% compounded semi annually. The bonds are accounted for under the effective interest method. At what amount were the bonds issued? Prepare debits and credits through th..

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