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On January 1, 2024, Carla Vista Satellites Ltd. issued $1.60-million, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Carla
On January 1, 2024, Carla Vista Satellites Ltd. issued \$1.60-million, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Carla Vista has a December 31 year end. A partial bond amortization schedule is presented below: Were the bonds issued at a premium or a discount? Question Part Score What is the face value of the bonds? Face value of the bonds $ Question Part Score What is the contractual rate of interest? Contractual rate of interest % Fill in the missing amounts for items [1] through [5] What was the market interest rate when the bonds were issued? (Round answer to 0 decimal places, e.g. 52\%.) Market interest rate Question Part Score Record the issue of the bonds on January 1, 2024. (List debit entry before credit entry. 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.) Record the interest payment on July 1, 2024. (List all debit entry before credit entries. 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.) Question Part Score Record the accrual of interest on December 31, 2024. (List all debit entry before credit entries. 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.)
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