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[HELP!!! ANSWER WITH SOLUTION] On March 1, 2X19, Toyota Corporation issued at 103 plus accrued interest, 500 of its 9%, P500 bonds. The bonds are

[HELP!!! ANSWER WITH SOLUTION] On March 1, 2X19, Toyota Corporation issued at 103 plus accrued interest, 500 of its 9%, P500 bonds. The bonds are dated January 1, 2X19 and mature on January 1, 2X29. Interest is payable semiannually on January 1 and July 1. Toyota paid transaction costs amounting to P5,OOO. 1. What is the bond issue price at the date of issuance? 2. What amount is the accrued interest at the date of issuance? 3. What is the net cash receipt from the bond issuance? Eveready Company issued PIOO,OOO of 8% term bonds on January 1, 2X19, due on January 1, 2X24, with interest payable on July 1 and January 1. The companys investors are willing to accept the bond at an effective interest rate of 6%. 1. What is the present value of PIOO,OOO bonds due in five (5) years at 6% interest payable semiannually? 2. What is the present value of P 4,000 interest payable? 3. What amount would the investors pay for that particular bond? 4. What is the premium/discount at the date of issuance? 5. Provide entry in the books of Eveready on January 1, 2X19

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