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What is the amount of cash paid to bondholders for interest

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On April 1 , Year 1 , Olsen Products , Inc . issued at par $ 25 million of 10 % , 10 - year bonds payable . Interest is payable semiannually each April 1 and October 1 .

Question ( a ) What is the amount of cash paid to bondholders for interest during Year 12

Question ( b ) Give the adjusting entry necessary at December 31 , Year 1 ( if any ) , regarding this bond issue .

Question ( C ) Interest expense on this bond issue reported in Olsen Products ' Year 1 income statement IS

Question ( d ) with respect to this bond issue , Olsen Products ' balance sheet at December 31 , Year 1 , includes bonds Dayable of $ | and interest payable of $ ( indicate $ 0 or " none " f the item is not reported .

Question ( e ) Give the journal entry made by Olsen Products on April 1 , Year 2 , to record the semiannual payment of interest to bondholders

Reference no: EM132512744

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