Exercise 2.01 – Lamire / Lamore Communications, Inc.

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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Difficulty – Hard

Given the issue price, the bond percent, the years, and the bond price... record the interest payments, calculate the carrying value, determine the interest expense, and calculate the interest paid.

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  • Search Terms: $,, % %, (click (record , - -year . : a. accounts accrued adjustments after all amortized amount and any are at b. been bond bonds by carrying cash causes communications communications, credit credits. date dates debit debits dec december determine discount ended entries.) entry exceed exclude expense explanations first, following for from have inc. inc.: info interest interest. issued jan january journal journalize jul july lamire lamire's lamire: lamore lamore's lamore: made, maturity. method months more net. of on paid paid. paid? paid? review payable payable, payable. payment re read requireme requirement requirement: requirements review semiannual six straight-line t the then to transactions what x year-end
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