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Need the last two values the discount amount and the balance for thr long term liabilities Denzel Corporation is planning to issue bonds with a
Need the last two values the discount amount and the balance for thr long term liabilities
Denzel Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in our years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. Denzel uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of S1. PV of S1. EVA of S1, and PVA of S1). Note: Use appropriate factor(s) from the tables provided. Required: 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. 3. What bonds payable amount will Denzel report on its June 30 balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. What bonds payable amount will Denzet report on its zune jo balance sheet? (Enter all amouints as positive values. Found your intermediate calculaticns and final answers to whole dollarz.) Step by Step Solution
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