question archive Diaz Company issued $100,000 face value, 9% coupon bonds on January 1, 2014, for $92,608 to yield 11%
Diaz Company issued $100,000 face value, 9% coupon bonds on January 1, 2014, for $92,608 to yield 11%
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Diaz Company issued $100,000 face value, 9% coupon bonds on January 1, 2014, for $92,608 to yield 11%. The bonds mature in 5 years and pay interest annually on December 31. Prepare the entries under U.S. GAAP for Diaz for (a) date of issue, (b) first interest payment date, and (c) January 1, 2016, when Diaz calls and extinguishes the bonds at 101
