NnKontiki Company issued $250,000 of 10%, five-year bonds at 98 on June 30,2017. Interest is...
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NnKontiki Company issued $ of fiveyear bonds at on June Interest is payable on June and December The company uses the straightline method to amortize bond premiums and discounts. The company's fiscal year is from February through January Prepare all necessary journal entries to account for bonds from the date of issuance through June Also record the retirement of the bonds on June assuming that all interest has been paid and that the discount has been fully amortized. p 
NnKontiki Company issued $ of fiveyear bonds at on June Interest is payable on June and December The company uses the straightline method to amortize bond premiums and discounts. The company's fiscal year is from February through January Prepare all necessary journal entries to account for bonds from the date of issuance through June Also record the retirement of the bonds on June assuming that all interest has been paid and that the discount has been fully amortized. p
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