On 1/1/2020, SF issued bonds with $50,000 face value and 5% coupon rate. Effective interest rate...
On 1/1/2020, SF issued bonds with $50,000 face value and 5% coupon rate. Effective interest rate is 4%. The bonds mature on 12/31/2023. Coupon will be paid semiannually on June 30 and December 31. What amount of interest payable should SF report in its 3/31/2020 balance sheet? Also, prepare a journal entry for the interest payable on 3/31/2020.
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![Amount Band Iseve Price Period $1250 [s0,000 82.51.] 8 $50,000 1-8 Puf@2% 7.325 0.853 pu 9156 42,650 $ 51,806 Interest farabe](http://img.homeworklib.com/questions/da81a850-1e4f-11eb-b08e-edf850dc95b0.png?x-oss-process=image/resize,w_560)
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