Business, 19.09.2019 16:10 carlosiscr7

On the first day of the fiscal year, a company issues an $8,000,000, 11%, five-year bond that pays semiannual interest of $440,000 ($8,000,000 × 11% × ½), receiving cash of $8,308,869. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

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On the first day of the fiscal year, a company issues an $8,000,000, 11%, five-year bond that pays s...

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