john UTC Lear Student Resou x B Chapter 10 Materials - S X WileyPLUS ? C Secure

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john UTC Lear Student Resou x B Chapter 10 Materials - S X WileyPLUS ? C Secure https://edugen.wileyplus.com/edugen/Iti/main.uni - 0 X QO Wiley PLUS Kimmel, Accounting, te Help System Announcements CALCULATOR PRINTER VERSION BACK NET Exercise 10-22 Ayayai Corp. issued $350,000, 5%, 20-year bonds on January 1, 2017, for $312,921. This price resulted in an effective-interest rate of 7% on the bonds. Interest is payable annually on January 1. Ayayai uses the effective-interest method to amortize bond premium or discount. ASSIGNMENT RESOURCES CH 10a Homework Ga Exercise 10-1 Erecise 10.4 Exercise 10.5 Exer De 10-9 Exercise 10-19 Free 10-12 Exer 10-14 Fraise 10-20 Ecerde 10-22 F 10-24 Your answer is partially correct. Try again Prepare the schedule using effective-interest method to amortize bond premium or discount of Ayayai Corp.. (Round answers to o decimal places, e.g. 5,275.) Discount Interest Periods Interest to Be Paid Interest Expense to Be Recorded Unamortized Discount Bond Carrying Value J 312021 Review Score Review Results by Study Objective 10500 3133 10966 36153 2 13313 Your answer is incorrect. Try again. Prepare the journal entry to record the issuance of the bonds. (Round answers to 0 decimal places, c.9.5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Jan. 2. 2017 ??? x Your answer is incorrect. Try again. Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is 7:13 PM A ta 49 6/16/2018 - 0

Explanation / Answer

Amortization table :

Journal entry :

Interest period Interrest to be paid Interest expense to be recorded Discount amortization Unamortized discount Bond carrying value At issue 37079 312921 1 21000 21904 904 36175 313825 2 21000 21968 968 35207 314793

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