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Bahrain Corporation issued 10-year 1,000 bonds at face value $100 per bond, on Jan. 1, 2021 with a stated interest rate 8%. Interest paid semiannually

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Bahrain Corporation issued 10-year 1,000 bonds at face value $100 per bond, on Jan. 1, 2021 with a stated interest rate 8%. Interest paid semiannually on 30 June and Dec. 31. Required: a) Calculate the issue price of bonds; if you know that the market interest rate 4%? b) Prepare the amortization schedule? c) Prepare the entries to record the issue of bonds at 1 Jan, and payment the interest at June 30 and December 31? d) If the company recall the bonds at 102 on Dec. 31, 2025; and paid other recall costs $500. Prepare the entry? Solution of Question 1: A. Bonds Price: :B. Amortization Schedule C. Journal Entries: 1/1/2021 30/6/2021 D. Recall The Bonds

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