Business, 06.05.2020 05:08 nnaaatt1845

On January 1, 2017, Minter Corporation issued 9%, 10-year bonds with a face value of $900,000 at 93.78. Interest is payable semiannually on January 1 and July 1. The effective-interest rate when the bonds were issued was 10%. Any discount or premium is amortized using the effectiveinterest method.

Prepare journal entries on:January 1, 2017July 1, 2017December 31, 2017, the fiscal year end

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On January 1, 2017, Minter Corporation issued 9%, 10-year bonds with a face value of $900,000 at 93....

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