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Straight-Line Discount Amortization
Bryan Company issued $660,000 of 12% face value bonds on January 1, 2013, for $633,000. The bonds are due December 31, 2015 and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method.
Required: Prepare the journal entries to record the issuance of the bonds and the first two interest payments. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
Accounting and decision making. Salomon Company uses a cost of capital rate of 12 percent in making investment decisions.
Assume an organization has total current assets of $200,000, total current liabilities of $75,000, inventories of $50,000, prepaid expenses of $25,000, net sales of $770,000, and beginning accounts receivable of $42,000 and ending accounts receiva..
arlington company is constructing a building. construction began on january 1 and was completed on december 31.
in its first year of operations cope company earned 28380 in service revenue 6380 of which was on account and still
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