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Hambelton Lid issued $4,950,000 or 5% bonds payable on 1 September 209 to yleld 4%. Interest on the bonds is paid semi-annually and is payable

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Hambelton Lid issued $4,950,000 or 5% bonds payable on 1 September 209 to yleld 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 208, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used (PV of S1. PVA of \$1, and PVAD of S1) (Use oppropriate factor(s) from the tables provided.) Required: 1. Delermine the price at which the bonds were issued (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar omount.) 2. Prepare a bond amortization table for the life of the bond (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "O" wherever required.) Journal entry worksheet 22345 Record the issuance of bonds at a premum. Note: Enter debits before credits. 4. Calculate the interest expense that would be recorded in each of 209 and 2010. Do not round intermediate cal your tinal answers to the neorest whole dollar amount.) 5 Show how the bond would be presented on the statement or financial position as of 31 December 209 and 2010. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

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