Straight line discount amortization

Reference no: EM13259243

The Bryan company issued $500000 of 10% face value bond on January1,2010 for$486,000.The bond are due Dec 31,2012, and pay interest semiannually on june 30, and Dec 31.the company use the straight line amortization method.

Required:

Prepare the journal entry to record the issuance of the bond and first two interest payments.

Reference no: EM13259243

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