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i want full answer please ! of all parts Homework Chapter 15 Question 2 of 4 Part 1 On May 1, 2021, Sandhill Corp. issued
i want full answer please ! of all parts
Homework Chapter 15 Question 2 of 4 Part 1 On May 1, 2021, Sandhill Corp. issued $940,000 of 5-year, 7% bonds at 95. The bonds pay interest annually on May 1. Sandhill's year end is April 30. May 11 D Record the issue of the bonds on May 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation eTextbook and Medial -/30 Debit Credit Part 2 Calculate the effective rate of the bonds using Excel or a financial calculator. (Round answer to 4 decimal places, eg. 1.5751.) Effective rate eTextbook and Media List of Accounts % Question 2 of 4 Part 3 Prepare an effective interest amortization table for this bond. (Round answers to 0 decimal places, eg. 5,276) Date May 1, 2021 May 1, 2022 May 1. 2023 Step by Step Solution
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