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Business, 18.12.2019 20:31 seaotter9630

On january 1, 2019, first street sales issued $ 24 comma 000 in bonds for $ 20 comma 700. these are sixminusyear bonds with a stated interest rate of 15% that pay semiannual interest. first street sales uses the straightminusline method to amortize the bond discount. immediately after the issue of the bonds, the ledger balances appeared as follows: bonds payable 24 comma 000 discount on bonds payable 3 comma 300 after the first interest payment on june 30, 2019, what is the balance of discount on bonds payable?

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On january 1, 2019, first street sales issued $ 24 comma 000 in bonds for $ 20 comma 700. these are...
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