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Bond Premium, Entries for Bonds Payable Transactions semiannually on December 31 and June. The final year of the company is the calendar year Rodgers Corporation
Bond Premium, Entries for Bonds Payable Transactions semiannually on December 31 and June. The final year of the company is the calendar year Rodgers Corporation produces and sets football equipment. On May 1, vaat 1, Rodgers issued $65.000.000 et 10-pear, 12% bonds at a market (errective) interest rate of son, receiving cash of $79,100,269. Interest on the bonds is payable Required For all journal entries with a compound transaction, it an amount bow does not require an entry leave blank 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds en Say 1 Year 1- Year 1 July 1 2. Journalire the entries to record the fing 2. The first sellest amet on December 31, Year 1, and the amortization of the bond proming the straine method. Round to the nearest dolar) Year 1 Dec. 31 b. The interest payment on June, 2, and the mortation of the bond premium in the method found to the dar) 4. wwe band proceeds were greater than the face amount of the bonds when the core is greater than the matte 5. Compute the price of $73,100.00 received for the bonds by using the present a totes and Present value of the face amount Present value of the seminare un Price received for the bands
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