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42,46 OCC Bank agrees to lend the Hansby Jello Company $200,000 on January 1. Hansby Jello Company signs a $200,000,6%, 9-month note. What entry will
42,46
OCC Bank agrees to lend the Hansby Jello Company $200,000 on January 1. Hansby Jello Company signs a $200,000,6%, 9-month note. What entry will Hansby Jello Company make to pay off the note and interest at maturity assuming that interest has been accrued and recorded to September 30? o (Dr.) Notes Payable 200,000 (Dr.) Interest Payable 9,000 (Cr.) Cash 209,000 o (Dr.) Notes Payable 209,000 (Cr.) Cash 209,000 O (Dr.) Interest Expense 9,000 (Dr.) Notes Payable 200,000 (Cr.) Cash 209,000 o (Dr.) Interest Payable 6.000 (Dr.) Notes Payable 200,000 (Dr.) Interest Expense 3,000 (Cr.) Cash 209,000 Activate w Priceline Company is about to issue $500,000 of 5-year bonds, with a coupon/contract rate of interest of 8%, payable semiannually. The discount rate for such securities is 10%. How much can Priceline expect to receive from the sale of these bonds? o $540,555. o None of the above. o $500,000. o $461,390 Step by Step Solution
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