Wempe co sold 3235000 10 10-year bonds on january 1 2014, Financial Management

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Wempe co sold 3235000 10 10-year bonds on january 1 2014

Wempe Co. sold $3,235,000, 10%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare amortization tables for issuance of the bonds sold at 102 for the first three interest payments.

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Financial Management: Wempe co sold 3235000 10 10-year bonds on january 1 2014

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