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Accounting Assignment | Custom Assignment Help

Author:
September 7th, 2019

The number for the premium on bond:

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period bond. CR = 10%. FV = 1,000

(1) at par, r=10%: DR Cash 1000; CR bond payable 1000

(2) at premium, r=8%: DR Cash 1,036; CR bond payable 1000, CR premium on bond 36

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