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help > Exercise 10-18A (Static) Computing bond interest and price; recording bond issuance LO C2 Citywide Company issues bonds with a par value of $150,000.
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> Exercise 10-18A (Static) Computing bond interest and price; recording bond issuance LO C2 Citywide Company issues bonds with a par value of $150,000. The bonds mature in five years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 8%. Cable B1. Table 8.2. Toblo B3 and Tablo B4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their Issue date. 2. Prepare the journal entry to record the bonds' issuance. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the bonds issuance. (Round intermediate calculations to the nearest dollar amount.) No Crecht Transaction Dobit 150,000 1 General Journal Cash Discount on bonds payable Bonds payable OOO Step by Step Solution
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