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Hi, PLEASE show the excel formulas used. Thank you Caprio Inc. sells $500,000 of 10% bonds on June 1, 2015. The bonds pay interest on
Hi, PLEASE show the excel formulas used. Thank you
Caprio Inc. sells $500,000 of 10% bonds on June 1, 2015. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2020. The bonds yield 8%. On October 1, 2016, Caprio buys back $200,000 (face value) of bonds for $210,000 in cash (not including accrued interest which was paid separately also in cash). Provide the following: on June 1, 2015. a. The present value of the bond payable is $ Round to the nearest dollar. b. Prepare a well-labeled schedule (with debits/credits shown) for the journal entries through the life of the Bond. . c. Give all journal entries for: 6/1/15 12/1/15 12/31/15 6/1/16 10/1/16 Update 10/1/16 accrued interest payment 10/1/16 redemption OStep by Step Solution
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