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Required Information Problem 14-10AB Effective Interest: Amortization of bond; retiring bonds LO P1,...

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Accounting

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Required Information Problem 14-10AB Effective Interest: Amortization of bond; retiring bonds LO P1, P4, P5, P6 The following Information applies to the questions displayed below Ike issues $270,000 of 11%, three-year bonds dated January 1 2017, that pay interest semiannualy on June 30 and annua yon June 30 and 848 Ther man etrate 200%attress terea ese December 31, They are issued at $276.848. Their market rate is 10% at the issue date Problem 14-10AB Part 1 Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $270,000 cash on January 1, 2017 at an issue price of $276,848 Note: Enter debits before credits. Date General Journal Debit redit Jan 01, 2017

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