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Title: On July 1, 2013, Cargo Corporation issues $4,000,000 of 10-year bonds dated July 1, 2013, at 100 1/2 ... Post by: Harrison on Nov 10, 2017 On July 1, 2013, Cargo Corporation issues $4,000,000 of 10-year bonds dated July 1, 2013, at 100 1/2 when the market rate of interest was 8%. Cargo Corporation uses the effective-interest method of amortization. Interest is paid each June 30 and December 31. The entry to record the first semi-annual interest payment on December 31, 2013, will include a:
A) debit to Premium on Bonds Payable for $321,600 B) credit to Premium on Bonds Payable for $320,000 C) debit to Interest Expense for $160,800 D) credit to Interest Payable for $160,000 Title: Re: On July 1, 2013, Cargo Corporation issues $4,000,000 of 10-year bonds dated July 1, 2013, at 100 ... Post by: msayed2004 on Nov 10, 2017 Content hidden
Title: Re: On July 1, 2013, Cargo Corporation issues $4,000,000 of 10-year bonds dated July 1, 2013, at 100 ... Post by: Ciandra Leigh Velo on Nov 21, 2019 yayyy
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