(iv) journals for interest payment on the amortization of the Prepare the premium or discount. (v) journal entries if the bonds are redeemed at maturity. Prepare the

Please answer 4 & 5 (iv & v)

(iv)<br>journals for interest<br>payment on the<br>amortization of the<br>Prepare the<br>premium or discount.<br>(v)<br>journal entries if the bonds<br>are redeemed at maturity.<br>Prepare the<br>

Extracted text: (iv) journals for interest payment on the amortization of the Prepare the premium or discount. (v) journal entries if the bonds are redeemed at maturity. Prepare the

Massy Company issued<br>$4,000,000 of 10-year,<br>11% bonds on January<br>4, 2021. The bonds pay<br>interest semiannually on<br>June 30 and December 31.<br>The current market rate of<br>interest is 10%.<br>Required:<br>(i)<br>selling price of the bond.<br>(ii)<br>journal entries for the<br>issuance of the bonds.<br>Calculate the<br>Prepare the<br>(ii)<br>journal entries for the<br>amortization on the<br>Prepare the<br>Premium/Discount on the<br>bonds.<br>

Extracted text: Massy Company issued $4,000,000 of 10-year, 11% bonds on January 4, 2021. The bonds pay interest semiannually on June 30 and December 31. The current market rate of interest is 10%. Required: (i) selling price of the bond. (ii) journal entries for the issuance of the bonds. Calculate the Prepare the (ii) journal entries for the amortization on the Prepare the Premium/Discount on the bonds.

Jun 03, 2022

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(iv) journals for interest payment on the amortization of the Prepare the premium or discount. (v) journal entries if the bonds are redeemed at maturity. Prepare the

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