The bonds pay interest on June 30 and December 31 and are issued at a price of $166,494. Their…


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29.99

The bonds pay interest on June 30 and December 31 and are issued at a price of $166,494. Their… 1 answer below » Zooba Company issues 9%, five-year bonds dated January 1, 2011, with a $160,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $166,494. Their annual market rate is 8% on the issue date. Required 1. Calculate the total bond interest expense over the bonds’ life. 2. Prepare a straight-line amortization table like for the bonds’ life. 3. Prepare the journal entries to record the first two interest payments. Jul 24 2014 07:49 AM

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