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If someone could help me to correct the table and advise how to complete journal entries it would be greatly appreciated! Prepare all of the
If someone could help me to correct the table and advise how to complete journal entries it would be greatly appreciated!
Prepare all of the relevant journal entries from the time of sale. (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 0 for the amounts. List all debit ontriec hefnre credit entriec Rernrd inurnal entries in the arder nrecented in the nmhlem I Prepare all of the relevant journal entries from the time of sale. (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. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) PVFADn,i=1+i1(1+i)n11 Table A.2 PRFSENT VALUE OF 1 (PRESENT VALUE OF A SINGL SUM) PVFn,i=(1+i)n1=(1+i)n Your answer is partially correct. Bramble Co. sells $401,000 of 12% bonds on June 1,2023 . The bonds pay interest on December 1 and June 1 . The due date of the bonds is June 1,2027 . The bonds yield 10%. On October 1,2024 , Bramble buys back $120,300 worth of bonds for $127,300 (includes accrued interest). Provide entries through December 1, 2025. Construct an amortization table. (Hint: Refer to Chapter 3 for tips on calculating and use the calculations from the financial calculator for the journal entries.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to 0 decimal places, e.g. 5,275. 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 0 for the amounts. List all debit entries before credit entries.)Step by Step Solution
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