Business, 18.05.2021 19:00, shavonfriend27

On June 30, 2020, Pronghorn Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Pronghorn uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. (a) Prepare the journal entries to record the following transa

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On June 30, 2020, Pronghorn Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140...