Sample Examination Students - University of Phoenix
using the effective-interest method. only in the year the note matures. Objective: Create journal entries for a troubled debt restructuring. 12. A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. ................
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