Business
Business, 01.07.2019 21:40, 7841784

Rko company sold bonds with a face value of $850,000 for $910,000. the bonds have a coupon rate of 8 percent, mature in 10 years, and pay interest annually every december 31. all of the bonds were sold on january 1 of this year. using a premium account, record the sale of the bonds on january 1 and the payment of interest on december 31 of this year. rko uses the effective-interest amortization method. assume an annual market rate of interest of 7 percent.

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Rko company sold bonds with a face value of $850,000 for $910,000. the bonds have a coupon rate of 8...

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