Business, 28.05.2020 01:59 hhvgbv7147

On the first day of the fiscal year, a company issues an $915,000, 9%, five-year bond that pays semiannual interest of $41,175 ($915,000 x 9% x 1/2), receiving cash of $860,100. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank.

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On the first day of the fiscal year, a company issues an $915,000, 9%, five-year bond that pays semi...

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