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1 4 . 1 Interest is paid semiannually. Required: 1 - a . Determine the price of the bonds at January 1 , 2 0
Interest is paid semiannually.
Required:
a Determine the price of the bonds at January
b Prepare the journal entry to record their issuance by Instaform.
a Assume the market rate was Determine the price of the bonds at January
b Assume the market rate was Prepare the journal entry to record their issuance by Instaform.
Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement
prepare the journal entry to record the purchase by Broadcourt.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
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Determine the price of the bonds at January
Note: Enter your answer in whole dollars.
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