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do these please can you also use formulas SHOW ME HOW 10-year bond that pays semiannual interest of $150,000 ($5.000.000 070 92 year), Tec ing
do these please can you also use formulas
SHOW ME HOW 10-year bond that pays semiannual interest of $150,000 ($5.000.000 070 92 year), Tec ing cash of $5,000,000. Journalize the entries to record first interest payment on June 30, and (C) the payment o ournalize the entries to record (A) the issuance of the bonds, e , and (C) the payment of the principal on the maturity year), receiv- onds, (B) the e maturity date Obj. 2 BE 11-2 Issuing bonds at a discount On the first day of the fiscal year, a company issues a $2,500, fiscal year, a company issues a $2,500,000, 4%, five-year bond that semiannual interest of $50,000 ($2,500,000 X 4% x V), receiving con eceiving cash of $2,400,000. Journalize the bond issuance. SHOW ME HOW BE 11-3 Discount amortization Obj. 2 Using the bond from Basic Exercise 11-2, journalize the first interest payment and the amorti- zation of the related bond discount. SHOW ME HOW BE 11-4 Issuing bonds at a premium Obj. 2 On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 x 8% x 1), receiving cash of $7,740,000 Journalize the bond issuance. SHOW ME HOWStep by Step Solution
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