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Date Interest Paid Form

Date Interest Paid Form

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hi folks now we're going to into our third and final video here continuing on with Bond Basics and now we're still assuming that the bond date and the issue date are different the bond is dated January 1st the issue date is June the 1st and in this particular case we have a year end of September 30th which is before the actual date that the interest is being paid so don't forget you issued the bond on June the 1st it was dated January 1st and what you need to do now is because you've issued the bond on June 1st and you've got a September 30th year end what you need to do now is the crew interest from the issue date to the year end so that your statements your income statement and your balance sheet are correct so all we did is we went back to the original table you can keep going back to this thing this is the amount of interest expensed for the full 12 months from January to December 15681 so we can actually use that and allocated only over four

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