Solution-Straight-line amortization

Straight-line amortization

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Reference no: EM13552544

Straight-Line Amortization

On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8%, and interest is paid semiannually. On the issue date, the market interest rate for bonds issued by companies with similar riskiness was 10% compounded semiannually. The issuance price of the bonds was $84,628. Make the journal entries needed on the books of the issuer to record the first two interest payments on June 30 and December 31. Use straight-line amortization of the bond discount.

Reference no: EM13552544

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Straight-line amortization : Make the journal entries needed on the books of the issuer to record the first two interest payments on June 30 and December 31. Use straight-line amortization of the bond discount.

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Straight-line amortization

Reference no: EM13552544

Reference no: EM13552544

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