cxttiemsp021
19.12.2019 •
Business
On january 1, xyz corporation issued $200,000 of 8%, 5-year bonds when the market rate of interest was 6%. the bonds were issued for $216,849 and interest will be paid annually on december 31. using straight-line amortization, the 1st annual interest payment will be recorded with a to premium on bonds payable. (round to the nearest $1.)
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