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?** Adjusted for rounding Bond Issue B a. Were the bond B issued...

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Accounting

?** Adjusted for rounding
Bond Issue B
a. Were the bond B issued at a premium and/or discount?
multiple choice 2
Issued at discount
Issued at premium
Issued at premium & discount
b. Journalize the issuance of bond B on April 1,2021.
c. What is the contract interest rate for the issue bond B?
d. Interest of how much is paid how often for bond B issued?
e. What is the term of bond B issue?
f. Show how bond B would appear on the balance sheet under non-current liabilities
at July 31,2029.
g. Calculate the bond B interest expense that would appear on the income statement
for the year ended July 31,2030.
h. Independent of (a) through (g), assume that bond B issues was retired on
December 1,2030, at 97. Record the entries.
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