HCS 380 RANK Let's Do This /hcs380rank.com HCS 380 RANK Let's Do This /hcs380rank.com | Page 45

10
-year bonds at
This price resulted in an effective-interest rate of
$1,667,518
6%
on the bonds. Lock uses the effective-interest
method to amortize bond premium or
discount. The bonds pay annual interest January 1.
Instructions: (Round all computations to the nearest dollar.)
(a) Prepare the journal entry to record the issuance of the bonds on
January 1, 2014.
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HCS 380 Wileyplus Exercise 13-9 (Solution with Excel file)
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Just enter the value and get the answer, this excel file will work for any
value
Kinder Company has these comparative balance sheet data:
KINDER COMPANY
Balance Sheets