1 3 Exercise 1 0 - 1 7 A ( Static ) Computing bond interest and price;...
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Exercise A Static Computing bond interest and price; recording bond issuance LO C
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Brin Company issues bonds with a par value of $ The bonds mature in years and pay annual interest in semiannual payments. The annual market rate for the bonds is Table B Table B Table B and Table B
Note: Use appropriate factors from the tables provided.
Compute the price of the bonds as of their issue date.
Prepare the journal entry to record the bonds' issuance.
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Compute the price of the bonds as of their issue date.
Note: Round all table values to decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.
tableTable Values are Based on:nYiCash Flow,Table Value,Amount,Present ValuePar maturity valueInterest annuityPrice of bonds
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