Dear Chegg members, Please provide solution for following question? Exercise 1: On Jan. 1, 2018,...
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Accounting
Dear Chegg members,
Please provide solution for following question?
Exercise 1:
On Jan. 1, 2018, Ahlia Corporation issued 250,000 Bonds payable for 4-Years at face value of $100 per bond. The stated interest rate is 16%, and paid quarterly on 30/03; 30/06; 30/09 and 31/12
Instructions:
- Compute the issue price of bonds, if the market interest rate 12%?
- Prepare the table of amortization?
- Prepare the journal entry for the first year and last year?
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