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On January 1, 2017, when the current market interest rate was 8%, Waveland Corporation issued $120,000,000, 5-year bonds. The bonds pay an annual coupon rate
On January 1, 2017, when the current market interest rate was 8%, Waveland Corporation issued $120,000,000, 5-year bonds. The bonds pay an annual coupon rate of 10% are made semi-annually on June 30th and December 31st interest payments REQUIRED: 2. At what price should this bond offering sell?_ b. Create a table showing the amortized premium or discount the first three years of the bonds. c. Prepare the journal entry on the date of the bond issuance. d. Prepare the first two semiannual interest payment journal entries. BOND AMORTIZATOR WORKSHEET NECESSARY BOND FACTS It wat
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