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How much is the discount amortization for jackie company

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Reference no: EM132993535

On January 1, 2021, Jackie Company issued at 76 (gross of issuance costs of P46,260), 6% bonds which required interest payments of P450,000 every December 31 for 5 years.

Question 1: How much is the interest expense for 2021?

Question 2: How much is the carrying amount of the bonds as of December 31, 2022?

Question 3: How much is the discount amortization during 2023?

Reference no: EM132993535

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