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Business, 30.10.2019 06:31 swaggirllely36

On june 1, greendale corp. issued $700,000, five-year bonds at 8%, with interest payable annually on may 31. the bonds sold for $728,700 when the market rate of interest was 7%. greendale uses the effective interest method for amortizing premiums on bonds payable. what is the balance of the premiums on bonds payable account immediately following the first interest payment?

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On june 1, greendale corp. issued $700,000, five-year bonds at 8%, with interest payable annually on...
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