A. On January 1, 2020, our company sold 1000 of our 5% coupon rate, 10 year, $1,000 face value bonds. The bonds pay interest annually on December 31. The bonds were priced to yield 6%.

Using the information above, along a PV of lump and PV of Ordinary Annuity tables, the amount of cash received from the issuance of the bonds on January 1, 2020 would be? (enter whole dollars with no dollar sign but with commas)

B. On January 1, 2020, our company sold 1000 of our 6% coupon rate, 10 year, $1,000 face value bonds. The bonds pay interest annually on December 31. The bonds were priced to yield 5%.

Using the information above, along with the PV tables in this assignment, the amount of cash received from the issuance of the bonds on January 1, 2020 would be? (enter whole dollars with no dollar sign but with commas)

C. On January 1, 2020, our company sold bonds with a face value of $1,000,000. These bonds are due in 10 years. The stated annual interest rate is 8% per year, payable semiannually on June 30 and December 31. The bonds were sold to yield the investor 10%.

pt1. Using the information above, along with the PV tables in this assignment, the amount of cash received from the issuance of the bonds on January 1, 2020 would be? (enter whole dollars with no dollar sign but with commas)

pt2. Using the information from the last set of facts above, the first entry to record interest expense will include a debit to interest expense for how much? (enter whole dollars with no dollar sign but with commas)

pt3. Using the information from the last set of facts above, the second entry to record interest expense will include a debit to interest expense for how much? (enter whole dollars with no dollar sign but with commas)

NOTE: use the PV tables included in this assignment if you get feedback that your answer is incorrect (your calculator will likely come up with a more precise but different calculation due to the # of digits behind the decimal place)