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- Chapter 14 Pre-Built Problems x + C G Search Google or type a URL Chapter 14 Pre-Built Problems Seved Help Save & Exit Submit
- Chapter 14 Pre-Built Problems x + C G Search Google or type a URL Chapter 14 Pre-Built Problems Seved Help Save & Exit Submit Check my work National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $750,000 on January 1, 2018. The bonds mature on December 31, 2021 (4 years). For bonds of similar risk and maturity the market yleld was 10%. Interest is pald semiannually on June 30 and December 31. (EV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Book Required: 1. Determine the price of the bonds at January 1, 2018. 2. Prepare the journal entry to record their issuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018 5. Prepare the appropriate journal entries at maturity on December 31, 2021. Print Relerences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Determine the price of the bonds at January 1, 2018. (Round final answers to the nearest whole dollar) Table values are based on: Amount Present Value Cash Flow Interest Principal Price of bonds Steam - - F ThcRcalonichann- = - OX View Friends Games Help ATADCUNDADY AAMILINISTIS TUPPALU Type here to search O e 3:33 PM I N O e 9 m . 7/11/2019
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