QUESTION 2 A company issues $100,000 face value, 8% coupon paid semi-annually, 4-year U. S. corporate bonds on January 1, 20X0 when the market
rate for similar risk bonds is 12%. The firm uses effective-interest amortization. What is the journal entry for the second coupon
payment Discount on Bond Payable ? (note second coupon payment)
DON'T PUT A DOLLAR SIGN (Blackboard will mark it wrong)
QUESTION 3
A company issues $100,000 face value, 8% coupon paid semi-annually, 4-year U. S. corporate bonds on January 1, 20X0 when the market
rate for similar risk bonds is 12%. The firm uses effective-interest amortization. What is the journal entry for the issuance of the bonds
for Discount on Bond Payable?
DON'T PUT A DOLLAR SIGN (Blackboard will mark it wrong)