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Chapter 14 On January 1, 2018, Darnell Window and Pane issued $19.9 milion of 10-year, zero-coupon bonds for $6,407,267. (FV of $1, PV of $1,
Chapter 14 On January 1, 2018, Darnell Window and Pane issued $19.9 milion of 10-year, zero-coupon bonds for $6,407,267. (FV of $1, PV of $1, FVA of St. PVA of S1, EVAD of $1 and PVAD of SD (Use oppropriate factor(s) from the tables provlided.) Required: 2. Determine the effective rate of interest 1. & 3. to 5. Prepare the necessary journal entries. points Complete this question by entering your answers in the tabs below Interest racesal Prepare the necessory journal entries. (IT no entry is required for a transaction/event, select "No yournal entry required" in the eBook Print first account field. Round your intermedaite calculation and final answers to nearest whole doilac.) References new transection ist Vwjournal entry worksheat Debit 6,407,267 13,.492, Dato January Cash 2018 Discount on bonds payable Bonds payable 19,900,000 | December TIN Transacton Recorded 2 202No Transaction Recorded
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