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14 (1 point) Bonds Question: Calder Company issues 12-year bonds with a face value of $20,000,000 and a stated annual interest rate of 6%. The
14 (1 point) Bonds Question: Calder Company issues 12-year bonds with a face value of $20,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 8%. What journal entry will the company make to record the bond issue? Dr. Cash 16,950,607 Dr. Discount on Bonds Payable 3,049,393 Cr. Bonds Payable 20,000,000 Dr. Cash 16,985,569 Dr. Discount on Bonds Payable 3,014,431 Cr. Bonds Payable 20,000,000 Dr. Cash 18,122,985 Dr. Discount on Bonds Payable 1,877,015 Cr. Bonds Payable 20,000,000 Dr. Cash 20,000,000 Cr. Bonds Payable 20,000,000 Question 15 (1 point) TVM Question: Portable Paperie purchases new manufacturing equipment on January 1, 2022. The company agrees to pay the seller over a four-year period: $20,000 on December 31, 2022, $20,000 on December 31, 2023, $20,000 on December 31, 2024 and $20,000 on December 31, 2025. If the company's borrowing costs are 7%, they should value the purchased PP&E at when they record the purchase on January 1, 2022. $34,276 $88,799 $67,744 $27,210
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