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lilavasa [31]
3 years ago
13

Larkspur, Inc. issues $3.1 million, 10-year, 8% bonds at 103, with interest payable on January 1. The straight-line method is us

ed to amortize bond premium.
Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2017, assuming no previous accrual of interest.
Business
1 answer:
Aleonysh [2.5K]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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