Prepare all of relevant journal entries from time of sale

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Reference no: EM13824315

Sanford Co. sells $515,700 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2017. The bonds yield 12%.

Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end.

Prepare all of the relevant journal entries from the time of sale until the date indicated. (Assume that no reversing entries were made.)

Reference no: EM13824315

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Prepare all of relevant journal entries from time of sale : Sanford Co. sells $515,700 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2017. The bonds yield 12%. Prepare all of the relevant journal entries from the time of sale until ..

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