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Can you please help with this problem... This is all the information that I am given and I can't figure it out. When a bond
Can you please help with this problem... This is all the information that I am given and I can't figure it out.
•When a bond is purchased at face value, this will result in a debit to Investment in Bonds, as cash is being given to someone else or company based on a pre-determined agreement.
B) The interest income is calculated based on the Par value of $100,000 at 8% interest.
Hint: Interest is paid semiannually
C) The bond is redeemed. This will result as the opposite transaction that occurred in A when the Bond was originally recorded
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