Question 4 -(16 Points) Quick Silver, Inc. issued its ten year, $100,000 8% bond on...
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Question 4 -(16 Points) Quick Silver, Inc. issued its ten year, $100,000 8% bond on 1/1/20 at 95. Quick Silver's bond pays interest semi-annually on January 1 and July 1. Required a. Prepare the amortization schedule for Quick Silver through January 1, 2022 assuming all discounts and premiums are amortized on a straight-line basis. b. Prepare the required journal entry at 7/1/20. c. Calculate the total interest expense reported in 2020
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