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Christmas Anytime issues $830,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the
Christmas Anytime issues $830,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
2. The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (U Issue price Increase in Carrying Value Interest Date Cash Paid Expense Carrying Value 01/01/18 06/30/18 24,900 24,900 12/31/18 3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (U Issue price Decrease in Interest Date Cash Paid Expense Carrying Value Carrying Value 01/01/18 24,900 06/30/18 $ 24,900 12/31/18
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