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Franklin issued $100,000 of 10-year 9% bonds payable on January 1, 2016, Franklin pays interest...

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Accounting

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Franklin issued $100,000 of 10-year 9% bonds payable on January 1, 2016, Franklin pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions Read the requirements Requirement 1. Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the Requirements Date 2016 Jan. 1 1. Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 93. Explanations are not required Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 108. Explanations are not required Which bond price results in the most interest expense for Franklin? Explain in detail 2. Journalize the payment of se 3. Date 2016 Jul. 1 4

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