A company issues $25450000, 7.8%, 20-year bonds to yield 8% on January 1, 2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24946274. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024? O $1985100 O $992550 O $1995706 O $1995914

E12.17

D1= 2(1+g) or D1 = 2? Why?

Sunland Company's balance sheet shows: Common stock, $20 par $3,200,000 Paid-in capital in excess of par 1,010,000 Retained earnings 790,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Bought 7,800 shares of its common stock at $36 a share. (b) Sold 4,100 treasury shares at $38 a share. (c) Sold 1,900 shares of treasury stock at $31a share. Debit Credit No. Account Titles and Explanation (a) 1O Type here to search