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Question - On January 1, 2011, an entity issues bonds with face amount of P5,000,00 for P5,733,129. The bonds mature on December 31, 2013 and pay annual interest of 14%, The effective interest rate is 8%.
a. Amortization table for the bonds and the required journal entries.
b. Journal entries during the term of the bonds.
The income tax rate is 25%. Ziltech reported net income for the year of $5.1 million. Determine the book value of the division's assets on December 31, 2021
Using the attached T-account template: Record the balances indicated above. Label the balances "Bal"
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