I’m working on a accounting discussion question and need support to help me understand better.
- How are the bonds issued, what is the appropriate journal entry
- Provide example for issuing bonds
- How do we determine the present value of a bond when market rate differs from its contract rate
- How do we record the interest payment (provide examples for both premium and discount amortization), using the effective interest method?
- What is the difference between the effective interest method and the straight line method when amortizing either a discount or a premium?
- Cite and give credit to the author that you are citing
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