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Need help asap On October 1, 2023, Dejour Energy Inc. issued a $700,000,115 s. seven-year bond Interest is to be paid annually each October 1
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On October 1, 2023, Dejour Energy Inc. issued a $700,000,115 s. seven-year bond Interest is to be paid annually each October 1 Dejour Energy Inc. has a November 30 yeatend. (Use IABLE. IAA and TABLE E14A 2). Note Use table values for PV calculations- (Use appropriate factor(s) from the tobles provided.) Required: a. Calculate the issue price of the bond assuming a matket interest tate of 12.0 W on me date of the bond issue (Do not round intermediate calculations. Round the final answers to the nearest whole dollerd b. Using the effective interest method, prepare an amortization schecule. (Oo not round intermedinte calculotions. Round the final answers to the nearest whole dollar. Enter all the omounts as positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the omounts as positive volues.) Part 1 Record the following entries: (Round your intermediate caiculations and final answers to the neorest whole dollas) a. Issuance of the bonds on October 1,2023 b. Adjusting entry to accrue bond interest and discount amortization on November 30,2023. c. Payment of interest on October 1, 2024 Journal entry worksheet 3 Record the issuance of bond at discount. Note: Enter debyts before credits. Journal entry worksheet Record the accrual of interest. Note: Enter debits before credits. Journal entry worksheet Part 2 Show how the bond will appear on the baiance sheet under non-current liablities at November 30,2027 . (Do not round intermediate colculotions. Round the final answers to the nearest whole dollar.) TABLE 14A.1 Present Value of 1 Due in n Periods TABLE 14A.2 Dracent Value of an Annultv of 1 Period On October 1, 2023, Dejour Energy Inc. issued a $700,000,115 s. seven-year bond Interest is to be paid annually each October 1 Dejour Energy Inc. has a November 30 yeatend. (Use IABLE. IAA and TABLE E14A 2). Note Use table values for PV calculations- (Use appropriate factor(s) from the tobles provided.) Required: a. Calculate the issue price of the bond assuming a matket interest tate of 12.0 W on me date of the bond issue (Do not round intermediate calculations. Round the final answers to the nearest whole dollerd b. Using the effective interest method, prepare an amortization schecule. (Oo not round intermedinte calculotions. Round the final answers to the nearest whole dollar. Enter all the omounts as positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the omounts as positive volues.) Part 1 Record the following entries: (Round your intermediate caiculations and final answers to the neorest whole dollas) a. Issuance of the bonds on October 1,2023 b. Adjusting entry to accrue bond interest and discount amortization on November 30,2023. c. Payment of interest on October 1, 2024 Journal entry worksheet 3 Record the issuance of bond at discount. Note: Enter debyts before credits. Journal entry worksheet Record the accrual of interest. Note: Enter debits before credits. Journal entry worksheet Part 2 Show how the bond will appear on the baiance sheet under non-current liablities at November 30,2027 . (Do not round intermediate colculotions. Round the final answers to the nearest whole dollar.) TABLE 14A.1 Present Value of 1 Due in n Periods TABLE 14A.2 Dracent Value of an Annultv of 1 Period Step by Step Solution
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