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AB company issued a 10 year, 4%, $2,000,000 redeemable bond issue paying interest twice a year on December 31 and June

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AB company issued a 10 year, 4%, $2,000,000 redeemable bond issue paying interest twice a year on December 31 and June at an effective rate of 3.6% on June 30, 2014. On September 30, 2019, AB redeemed forty percent of the bond issue at 101.;a) Prepare the following entries;b) Issuance of the bond;c) Interest for the first two interest periods;d) Redemption of bonds

 

Paper#24571 | Written in 18-Jul-2015

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