Business, 16.12.2019 17:31 pcruznoel6624
E10.14 (lo 3), ap arroyo company issued $600,000, 10-year, 6% bonds at 103. prepare entries for issuance of bonds, balance sheet presentation, and cause of deviations from face value.
instructions
a. prepare the journal entry to record the sale of these bonds on january 1, 2022.
b. suppose the remaining premium on bonds payable was $10,800 on december 31, 2025. show the balance sheet presentation on this date.
c. explain why the bonds sold at a price above the face amount.
Answers: 1
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E10.14 (lo 3), ap arroyo company issued $600,000, 10-year, 6% bonds at 103. prepare entries for issu...
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