On 1-1-2015 avion inc sold bonds with these particulars, Ask an Expert

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On 1-1-2015 Avion, Inc. Sold Bonds with these particulars: Face amt. of Bonds 300,000 Matures on 1-1-2025, in 10 yrs. Stated annual rate of int. 7.50% Effective annual rate of interest 8.00% Int. is paid every six months; 6-30, 12-31 Req. 1, Assume the effective Interest Method in accounting for these Bonds, build a 10 year amortization table Req. 2, Give General Journal entries to record the sale of the bonds, and the 1st 4 interest payments.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92042840

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