Mazeltov corporation issued 100000 of 5-year 11 stated rate, Ask an Expert

Accounting

Mazeltov Corporation issued $100,000 of 5-year, 11% stated rate bonds on January 1, 2004 The bonds pay interest annually and sold at a market rate of 9%. What was the issue price of the bonds? Prepare an amortization schedule for the bonds Record then entry for interest for 2006 using the modified accounting equation format.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9987005

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