on january 1, 20x1, your firm issues a $10,000, 5-year, 10% bond with interest payable annually for $10,389. at the time of the issuance, market rates are 9%. journalize the issuance of the bond. debit credit date xix b. journalize the first annual interest payment on december 31, 20x1. debit credit date xix c. journalize the amortization of the premium/discount on december 31, 20x1. (if necessary, round to the nearest dollar.) date debit credit xix d. on january 1, 20x2, the bonds are called at 99. journalize this transaction. debit credit date xix
on january 1, 20x1, your firm issues a $10,000, 5-year, 10% bond with interest payable annually for $10,389. at the time of the issuance, market rates are 9%. journalize the issuance of the bond. debit credit date xix b. journalize the first annual interest payment on december 31, 20x1. debit credit date xix c. journalize the amortization of the premium/discount on december 31, 20x1. (if necessary, round to the nearest dollar.) date debit credit xix d. on january 1, 20x2, the bonds are called at 99. journalize this transaction. debit credit date xix
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 15MCQ
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a. on january 1, 20x1, your firm issues a $10,000, 5-year, 10% bond with interest payable annually for $10,389. at the time of the issuance, market rates are 9%. journalize the issuance of the bond. debit credit date xix b. journalize the first annual interest payment on december 31, 20x1. debit credit date xix c. journalize the amortization of the premium/discount on december 31, 20x1. (if necessary, round to the nearest dollar.) date debit credit xix d. on january 1, 20x2, the bonds are called at 99. journalize this transaction. debit credit date xix
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