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i have these two left and im struggling could someone helo me out? id be so grateful. thank you so much QS 10-15A Computing bond
i have these two left and im struggling could someone helo me out? id be so grateful. thank you so much
QS 10-15A Computing bond price C2 Compute the selling price of 10%, 10-year bonds with a par value of $350,000 and semiannual interest payments. The annual market rate for these bonds is 12%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Table Value Present Value Cash Flow $350,000 par (maturity) value $17,500 interest payment Price of Bond Exercise 10-13 Installment note entries Lo On January 1, 2019, Eagle Company borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $10,333, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list View journal entry worksheet No Date Jan 01, 2019 Cash Notes payable General Journal Debit Credit 35,000 35,000 2 Dec 31, 2019 Interest expense Notes payable Cash 2.450 7.883 10,333 3 Dec 31, 2020 Interest expense Notes payable Cash Step by Step Solution
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