On 1116 fleming corporation issued 9 contract 5 year bonds, Ask an Expert

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On 1/1/16 Fleming Corporation issued 9% contract 5 year bonds at 96.209. Face value $900,000. The bonds pay interest annually on 12/31. The effective interest rate when bonds were issued was 10%. Prepare an amortization schedule. Prepare journal entries for the issurance of bonds and first year interest payment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92270850

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