Provide the journal entry for december

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Reference no: EM13940975

COMPLETING AN AMORTIZATION TABLE (STRAIGHT LINE)

Sondrini Corporation sold $200,000 face value of bonds at 102 on December 31, 2008. These bonds have a 6 percent stated rate and mature in four years. Interest is payable on June 30 and December 31 of each year.

Required:

1. Prepare a bond amortization table assuming straight-line amortization.

2. Provide the journal entry for December 31, 2010.

3. Indicate how these bonds will appear in Sondrini's balance sheet at December 31, 2010.

Reference no: EM13940975

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