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  3. is paid on september 30 each year, record capshaw

is paid on September 30 each year, record Capshaw Biotech Inc.'s September 30, 2015, interest...

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Accounting

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is paid on September 30 each year, record Capshaw Biotech Inc.'s September 30, 2015, interest payment on the other indebtedness. Problem 15-4A On December 31, 2014, Wynn Holdings Ltd. issues 6-percent, 10-year convertible bonds with a maturity value of $6,000,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 5 percent and the issue price of the bonds is 107.79458. Wynn Holdings Ltd. amortizes any bond premium and discount by the effective-interest method. Required 1. Prepare an effective-interest-method amortization table for the first four semiannual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2014. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2015 tnerships and Corporate Transactions

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