On January 1, 2017, Bramble Company issued $ 1,820,000 face
value, 7%, 10-year bonds at $ 1,953,954. This
price resulted in a 6% effective-interest rate on the
bonds. Bramble uses the effective-interest method to amortize bond
premium or discount. The bonds pay annual interest on each January
1.
Prepare the journal entries to record the following
transactions. (Round answers to 0 decimal places, e.g.
125. Credit account titles are automatically indented when amount
is entered. Do not indent manually.)
1.
The issuance of...