Business, 09.12.2021 15:00, nataliatf3062
Cotton Corporation issued $500,000 of 7%, 10-year bonds on January 1, 2021 for $431,850 with semi annual interest payments on July 1 and January 1. The effective interest rate is 9%. The effective-interest method of amortization is to be used. The journal entry on the January 1, 2022 would include
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Cotton Corporation issued $500,000 of 7%, 10-year bonds on January 1, 2021 for $431,850 with semi an...
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