Business, 19.12.2019 05:31, sarabell7626
On january 1, 2021, universe of fun issues $780,000, 9% bonds that mature in 15 years. the market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $720,047. interest is paid semiannually on june 30 and december 31. complete the first three rows of an amortization schedule.
date cash paid interest expense increase in carrying value carrying value
01/01/15
06/30/15
12/31/15
2. & 3.
record the issuance of the bonds on january 1, the interest payments on june 30, and december 31, 2015. (if no journal entry is required for a transaction, select "no journal entry required" in the first account field. round your answers to the nearest whole dollar amount.)
Answers: 3
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On january 1, 2021, universe of fun issues $780,000, 9% bonds that mature in 15 years. the market in...
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