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QS 10-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issu
Enviro Company issues 8%, 10-year bonds with a par value of $170,000 and semiannual interest payments. On the issue date, the
2. What total amount of bond interest expense will be recognized over the life of these bonds Total Bond Interest Expense Ove
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Date Jan 01,2017 1. Record the Bond Issue General Journal Debit Cash Premium on Bonds Paayble (440000*0.14) Bonds Payable RecFace value of the Bond Less: Bond Selling price premium on bonds Payable 440000 501600 61600 Cash Proceeds 501600 Total Bond

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