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Just req. 5 please itywide Company issues bonds with a par value of $67,000 on their stated issue date. The bonds mature five years and
Just req. 5 please
itywide Company issues bonds with a par value of $67,000 on their stated issue date. The bonds mature five years and pay 11% annual interest in semiannual payments. On the issue date, the annual market rate or the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the ables provided.) What is the amount of each semiannual interest payment for these bonds? . How many semiannual interest payments will be made on these bonds over their life? . Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. - Compute the price of the bonds as of their issue date. . Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Reg 5 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 69,586 Cash Premium on bonds payable Bonds payable 2,586 67,000Step by Step Solution
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