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Dallas Cowboys Co. (DCC) issued bonds on December 1, 2019 with the following traits: n Face Value Duration Coupon Rate Market Rate Price Issued at

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Dallas Cowboys Co. (DCC) issued bonds on December 1, 2019 with the following traits: n Face Value Duration Coupon Rate Market Rate Price Issued at $1,000,000 5 Years 6% 5% $ 1,043,760 Semi-Annual Paid on June 1 & December 1 Interest Payments DCC has a November 30 Year end. DCC has a November 30 Year end. Required: 1) Record the following journal entries: Bonds being issue on December 1, 2019 (1 mark) - Interest payment on June 1, 2020 (3 marks) - Accrual of interest on November 30, 2020 (3 marks) 2) Assume the following scenario and post the journal entry: - Imagine that the bond was issued at a price of $956,240 and the coupon rate was 4%. With all other variables (including market rate) remaining the same as the original question, record the payment of interest on June 1, 2020 (3 marks), [Note - Please do not respond to this question in the text box below. Instead, utilize a word document, excel, or photos of your hand-written work. Please submit your work to the Written Work Submission under Week 10 of Moodle. Thank you

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