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On January 1, Lark Company issued $200,000 par value, 10%,5 year bonds (i.e., there were 200 of $1,000 par value bonds in the issue). Interest

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On January 1, Lark Company issued $200,000 par value, 10%,5 year bonds (i.e., there were 200 of $1,000 par value bonds in the issue). Interest is payabie semiannually aach Jianuairy 1 and July with the first interest payment due at the end of the period on July 1. Lark paid $8,000 in underwriting flees. Dotermine the issue price of the bonds assuring that the market rate of inierest is by ind prepare the joumal entry to record the bond issue: Euture Yatue of Si tatble Future Value of an Ordinary. Annulty table. Euture Value of an Annuly Due table Determine the inswe price of the bonds. (Use the present value and tuture value tables, the formula mochod, a financial calculator, or a spreadsheet for your calculations it using frisent and thinge valuet tabies or the formila method, use facior amounts rounded to five decimal places, .000. Round your final answers to the nearest whale dollar) The issue price of the bonds a

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