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Posted: October 7th, 2020
How much interest should company record each year
Question description
George Hamburgers issused 6%, 10 year bonds payable at 75 on Decemberv31,20141.What is the maturity value of bonds?2. What is the carrying amount of bonds?what is the semiannual cash interest payment on bonds?How much interest should company record each year?Record the June 30,2014 semiannual interest payment and amortization of the discount
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