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G H On January 1, 2019 Omsk Corporation issued 90,000 of 6 % bonds, due in 5 years. Bonds pay interest each July 1 and
G H On January 1, 2019 Omsk Corporation issued 90,000 of 6 % bonds, due in 5 years. Bonds pay interest each July 1 and January 1. Assume 13 % market rate of interest. Requirements (Round to 0 decimals, Rounding errors do not matter): 1. Compute market price of bonds. Provide detailed computation. 52. What is an amount of discount /premium? Indicate, what it is (discount or premium). Computation. 5 3. Prepare amortization schedule. Use formulas in Excel. You can use template provided below. 7 4. Prepare journal entry to record bond issue. 8 5. Prepare journal entry on July 1, 2019. 9 6. Prepare journal entry on December 31, 2019. 10 7. Prepare journal entry on January 1, 2020 11
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