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Unformatted text preview: To record annual payment 12/31/20x3 Interest Expense 9,818.18 Bond Discount 1,818.18 Cash 8,000.00 To record annual payment 12/31/20x3 Bond Payable 100,000.00 Cash 100,000.00 To record maturity and payoff of bond Lucky Co - Bond Discount Bonds Payable Bond Discount 100,000.001/1/20x1 1/1/20x1 4,973.70 12/31/20x3 100,000.00 1,502.6312/31/20x1 3,471.07 1,652.8912/31/20x2 1,818.18 1,818.1812/31/20x3 12/31/x1 12/31/x2 12/31/x3 Balance Sheet Liabilities Current Liabilities Bonds Payable 100,000 Less: Bond Discount (1,818) Net Bonds Payable 98,182 Total Current Liabilities Long-Term Debt Bonds Payable 100,000 Less: Bond Discount (3,471) Net Bonds Payable 96,529 Total Long-Term Debt...
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University- Athens.
- Spring '10