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i just need part B but i added additional information just incase. thanks! Entries for ting de and Amering Discount by Straight-Line Method On the
i just need part B but i added additional information just incase. thanks! Entries for ting de and Amering Discount by Straight-Line Method On the first day of its fiscal year, facinto Company issued $6,500,000 of seat, bonds to finance its operations of producing and selling home improvement products. Interest is payati semuat The bones were med at market (elective internt note of 8%, relutingin Jadinto company receiving cath of $5,194,085 a. Journaline the entries to record the following 1. Tuance of the bonds 2. Pinterest payment. The bond discount amortisation is combined with the semiannual interest payment 3. second semiannual interest payment. The band discount amortiration is combined with the semiannual interest payment Inment box does not require an entry leave it bank Round your answers to the nearest dollar 1 Cash IN JORES Discount on Bonds Payable Bende Payable 23.11 Dlacount on and Payable BAB Cash 3. Internet Expense Dienten Bonds Payable 17 217.00 b. Determine the bordene for the seat Round vour answer to the nearest dollar b. Determine the amount of the bond Interest expense for the first year. Round your answer to the nearest dollar. e. Why was the company able to issue the bonds for only $6,194,985 rather than for the face amount of $6,500,000? The market rate of interest is greater than the contract rate of interest. Feedback
i just need part B but i added additional information just incase. thanks!
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