Exercise 10.9

Exercise 10.9 - Part C Bond Interest Payable 160,000 Bond...

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Jason Wilcox Exercise 10.9 Part A Cash 8,160,000 Premium on Bonds Payable Bonds Payable Issued 20-year bond w/ value of 102 Part B Bond Interest Payable 316,000 Premium on Bonds Payable 4,000 Cash To record semi annual interest expense to recognize 6 month ammortization the of the 160,000 premium on 20-year bond.
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Unformatted text preview: Part C Bond Interest Payable 160,000 Bond Interest Expense 160,000 Premium of Bonds Payable 4,000 Cash Bonds Payable 8,000,000 Cash Part D Throught out years of the bond the net income will increase due to the payment of the premium. 160,000 8,000,000 320,000 320,000 8,000,000...
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Exercise 10.9 - Part C Bond Interest Payable 160,000 Bond...

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