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Homer Company borrowed money by issuing $1,500,000 of 4% bonds payable at 102.3 on July 1, 2021. The bords are five-year bonds and pay interest
Homer Company borrowed money by issuing $1,500,000 of 4% bonds payable at 102.3 on July 1, 2021. The bords are five-year bonds and pay interest each January and Jy 1 Read the coduirements 1. How much cash did Homer receive when it issued the bonds payable? Journalize this transaction When it issued the bands payable, Homer received $154.500 Journal.co the issuance of the bonds payable (Record debits first, then credits Exclude explanations from any ournalen Journal Entry Date Accounts Debat Requirements Credit X Promum on Bonds Payable 1. How much cash did Horner receive when it issued the bonds payable? Joumalize this transaction 2 How much mustomer pay back at maturity? When is the maturity date? 3. How much cash interest wil Homer pay each six month? 4. How much interest exponse wil Homer report each sx months? Use the sraight line amortization method Jumal the entries for the accrual of interest and the amortization of premium on December 31, 2021, and payment of Wreston January 1, 2022 Help me solve this Calculator Get more help " De
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