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How would you anwser letter b , c and d o tng rights- PROBLEMS. (10 points each) Write your answers on the Exam 2 Answer

How would you anwser letter b,c and d
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o tng rights- PROBLEMS. (10 points each) Write your answers on the Exam 2 Answer Sheet. 41) Strider Corporation issued 14%: 5-year bonds with a par value of $5.000:000 on January 1: Year 1- Interest is to be paid semiannually on each June 30 and December 31. The bonds are issued at cash when the market rate for this bond is 12%. Round calculations to the nearest dollar- a) b c) d) Prepare the general journal entry to record the issuance of the bonds on January 1, Year 1. Show how the bonds would be re orted on Strider's balance sheet at Janua 1, Year 1, Prepare the general journal entry to record the first semiannual interest payment on June 30, Year 1. Include the amortization of any discount or premium in your journal entry. Show how the bonds would be reported on Strider's balance sheet after amortization of any discount or remium at June 30, Year 1.

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