show how you got: number of
semiannual period in 7 years
Homework Answers
Semiannually means 6 months. In one year there are two semiannual period. So in 7 years there are 14 semiannual periods. For calculating semiannual periods, just multiply number of years with 2.
Premium on bonds payable = $4,214,979 - $3,800,000 = $414,979
| Account title and explanation | Debit | Credit |
| Cash | $4,214,979 | - |
| Bonds payable | - | $3,800,000 |
| Premium on bonds payable | - | $414,979 |
| (To record issue of bonds at premium) |
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show how you got: number of
semiannual period in 7 years
Issuing Bonds at a Premium...
show how you got: number of semiannual period in 9 years Discount Amortization On the first...
show how you got: number of
semiannual period in 9 years
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show how you got: number of
semiannual period in 9 years
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