FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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2-Record the interest payment and amortization on June 30.
3-Record the interest payment and amortization on December 31.
Transcribed Image Text:Snap Company issues 13% five-year bonds, on January 1 of this year, with a par value of $210,000 and semiannual interest payments.
Seianmual Periad-End
Unanortized Discount
(4) January 1, issuance
June , firt paynent
(1)
(2)
Decenber 31, secand payment
$7,200
6,480
5,76
Carrying Value
$ 202,800
203,520
204, 240
Use the above bond amortization table and prepare journal entries to record (ah the issuance of bonds on January 1, (by the first
nterest payment on June 30, and (a the second interest payment on December 31.
Vwansation list
Journal entry worksheet
2.
Record the issuance of the bonds.
Nate Eter debio before credits
Date
General Jeurnal
Debit
Credit
January 01
Resed endry
Clear ny
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