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Answer in a spreadsheet format Giants Inc. has issued two types of debt on January 1 , 2023, the start of the company's fiscal year
Answer in a spreadsheet format Giants Inc. has issued two types of debt on January 1 , 2023, the start of the company's fiscal year (Jan.1-Dec. 31) 1. $30 Million par of 10 year, zero-coupon bonds at a price to yield 12% per year. 2. \$15 million, 10 -year, 10% unsecured bonds, interest payable semi-annually to yield 12%, on July 1 , and on January 1. Instructions: 1.Prepare Bond Amortization Schedules for both bonds using Straight-line and Effective Interest Method. 2. Prepare Journal entries for both bonds for 2023,2024 , and 2025 using Effective Interest and Straight Line Methods of amortization
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