Whitmore Company issued $505,500 of 5-year, 6% bonds at 97 on January 1, 2017. The...
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Accounting
Whitmore Company issued $505,500 of 5-year, 6% bonds at 97 on January 1, 2017. The bonds pay interest annually.
(a1)
Prepare the journal entry to record the issuance of the bonds
(b)
The accural interest and the discount amortization on Decemember 31, 2017
(c)
The payment interest on Jan 1, 2016
(d) The redemption of the bonds at maturity, assuming interest for the last interest period has been recorded.
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