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all questions please and work thank you 5,000 The Company bonds at a discount of s 22 On January 1, 2011, Rupar Retailers purchased $100,000
all questions please and work thank you
5,000 The Company bonds at a discount of s 22 On January 1, 2011, Rupar Retailers purchased $100,000 of Anand Correa similar risk and Anand bonds pay 6% interest but were pu chased when the market interest rate was 7% for bonds of and uses the effective interest method In Rupar's December 31, 2011 journal entry interest, Rupar would record a credit to interest revenue of (round to nearest dollar) pay interest semi-annually on January 1 and July 1 of each year Rupar accounts for the bonds as a held-to-maturity investment, A $3336 S3325 C $3500 D $3000 E None of the above are correct 23 The Barci Company issued a $10,000 5% bond on Jan. 1, 2012. The issue price was $9,573.49. The bond matures in 5yrs and pays interest semi-annually on July 1 and Dec 31. Compute the amount of interest expense (neare7t penny) that Barci will recognize for the six month period ending June 30, 2012 if the market price of the bond at that date was $9168.34 and Barci uses the effective interest method. A. $287.20 B. $250.00 C. $275.02 D. $320.90 E. None of the above are correct 10
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