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I just need the journal entry for # 4 question on the bottom, please and thank you. Randy Corp. issued $ 2 0 0 ,
I just need the journal entry for # question on the bottom, please and thank you. Randy Corp. issued $ of payable each February and Augustyear bonds. The bonds were dated March and mature on February The bonds were issued to yield on September for appropriate proceeds plus accrued interest. The accounting period ends on December. Requlred: Calculate the present value of the bond first assuming that it was issued on an interest date, March XRound time value factor to decimel places. Do not round Intermedlate calculatlons. Prepare an amortization schedule using the effective interest method of amortization. Round time value factor to decimol places. Round Intermedlate calculatlons to the nearest whole dollar amount. Calculate the proceeds of the bond reflecting the fact that it was actually issued on September Also calculate the accrued interest. Round your finel answers to the neorest whole doller omount. Give entries from the September X date of issuance through February X Base amortization on above. Credit the accrued interest collected on September X to interest payable in the initial journal entry. Record the interest payment on $ of year bonds for the period ending February X
I just need the journal entry for # question on the bottom, please and thank you. Randy Corp. issued $ of payable each February and Augustyear bonds. The bonds were dated March
and mature on February The bonds were issued to yield on September for appropriate proceeds plus accrued
interest. The accounting period ends on December.
Requlred:
Calculate the present value of the bond first assuming that it was issued on an interest date, March XRound time value factor
to decimel places. Do not round Intermedlate calculatlons.
Prepare an amortization schedule using the effective interest method of amortization. Round time value factor to decimol
places. Round Intermedlate calculatlons to the nearest whole dollar amount.
Calculate the proceeds of the bond reflecting the fact that it was actually issued on September Also calculate the accrued
interest. Round your finel answers to the neorest whole doller omount.
Give entries from the September X date of issuance through February X Base amortization on above. Credit the accrued interest collected on September X to interest payable in the initial journal entry. Record the interest payment on $ of year bonds for the period ending February X
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