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How much cash interest will be paid on the bonds at each interest date? Cash INT. = par Value & IN x 2 Cast INT.

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How much cash interest will be paid on the bonds at each interest date? Cash INT. = par Value & IN x 2 Cast INT. = 2,000,000x.06 x 9/12 Cash INT = 60,000 5 points How much did Auerbach receive from the bond issue on 10/1/2021? (Refer to the present value tables to compute your answer.) Round your answer to the nearest whole dollar, A, $2,014,080 B. $1,859,260 C. $1,857,884 D. Some other amount. F 6-7. 8 points total XYX Corp purchased a machine with a fair value of $650,000 on 12/31/2020. XYZ signed a 5-year installment note with the first payment of $158,259 due on 12/31/2021, with the remaining payments of $158,259 due each December 31, at an interest rate of 7 percent per year. Required: Complete the amortization table below for the first 2 payments. Round your answer to the nearest whole dollar. (On the online test, select the ending note payable balance after the first & second payments to answer questions 6 and 7.) Beginning Note Pavable Payment Amount Reduction of Interest Note Expense Payable Beginning amount Ending Note Payable 650,000 158,259.00 Payment #1 (12/31/21) 650.000.00 Payment #2 (12/31/22) 158,259.00 How much cash interest will be paid on the bonds at each interest date? Cash INT. = par Value & IN x 2 Cast INT. = 2,000,000x.06 x 9/12 Cash INT = 60,000 5 points How much did Auerbach receive from the bond issue on 10/1/2021? (Refer to the present value tables to compute your answer.) Round your answer to the nearest whole dollar, A, $2,014,080 B. $1,859,260 C. $1,857,884 D. Some other amount. F 6-7. 8 points total XYX Corp purchased a machine with a fair value of $650,000 on 12/31/2020. XYZ signed a 5-year installment note with the first payment of $158,259 due on 12/31/2021, with the remaining payments of $158,259 due each December 31, at an interest rate of 7 percent per year. Required: Complete the amortization table below for the first 2 payments. Round your answer to the nearest whole dollar. (On the online test, select the ending note payable balance after the first & second payments to answer questions 6 and 7.) Beginning Note Pavable Payment Amount Reduction of Interest Note Expense Payable Beginning amount Ending Note Payable 650,000 158,259.00 Payment #1 (12/31/21) 650.000.00 Payment #2 (12/31/22) 158,259.00

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