For each of the following situations, calculate the amount of bond discount or premium, if any. gray co. issues 61,000 of 6 percent bonds at 103 1/2 bush inc issued 91,000 of 10 year 6 percent bonds at 96 1/2 oak inc issued 240,000 of 20 year 6 percent bonds at 101 willow co issued of 15 year 7 percent bonds at 95

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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For each of the following situations, calculate the amount of bond discount or premium, if any.

gray co. issues 61,000 of 6 percent bonds at 103 1/2

bush inc issued 91,000 of 10 year 6 percent bonds at 96 1/2

oak inc issued 240,000 of 20 year 6 percent bonds at 101

willow co issued of 15 year 7 percent bonds at 95

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