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On January 1, 2024, Leng - Fern slgned a $125,000,5-yoar, 10% noto. The loan required Leng - Fern to make annual payments on December 31
On January 1, 2024, Leng - Fern slgned a $125,000,5-yoar, 10% noto. The loan required Leng - Fern to make annual payments on December 31 of $2.5,000 prinolpat plus interest. Requirements 1. Journalize the issuance of the note on January 1, 2024. 2. Journalize the first note payment on December 31,2024 Requirement 1. Journakize the issuance of the note on January 1, 2024. (Recoed debis first, then credits. Select explanations on the last line of the journal entry) Bond prices depend on the market rate of interest, stated rate of interest, and time. Read the requirements Requirement 1. Compute the price of the following 7% bonds of Ally Telecom. a. The price of the $400,000 bond issued at 74.50 is Requirements 1. Compute the price of the following 7% bonds of Ally Telecom. a. $400,000 issued at 74.50 b. $400,000 issued at 105.25 c. $400,000 issued at 96.25 d. $400,000 issued at 103.25 2. Which bond will Ally Telecom have to pay the most to retire at maturity
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