{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T21:26:14-04:00", "answer_date": "2024-06-07 21:26:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2441657", "url": "\/study-help\/questions\/on-january-1-ralston-corporation-issues-8-0-2441657", "question_creation_date_js": "2024-06-07T21:26:14-04:00", "question_creation_date": "Jun 07, 2024 09:26 PM", "meta_title": "[Solved] On January 1 , Ralston Corporation issues | SolutionInn", "meta_description": "Answer of - On January 1 , Ralston Corporation issues $ 8 0 0 , 0 0 0 of 8 % bonds, due in 1 0 years, with interest payable semian | SolutionInn", "meta_keywords": "january,1,ralston,corporation,issues,$,8,bonds,due,years,interest,payable", "question_title_h1": "On January 1 , Ralston Corporation issues $ 8 0 0 , 0 0 0 of 8 % bonds, due in 1 0 years, with", "question_title": "On January 1 , Ralston Corporation issues $ 8 0 0 ,", "question_title_for_js_snippet": "On January 1 , Ralston Corporation issues $ 8 0 0 , 0 0 0 of 8 bonds, due in 1 0 years, with interest payable semiannually on June 3 0 and December 3 1 each year Price Investment Company purchases all of the bonds and classifies them as available for sale Assuming the market interest rate on the issue date is 9 , Price will purchase the bonds for $ 7 4 7 , 9 6 8 Required Complete the first three rows of an amortization table for Price Record the purchase of the bonds by Price on January 1 and the receipt of the first two semiannual interest payments on June 3 0 and December 3 1 Assume the fair value of the bonds equals $ 7 5 0 , 0 0 0 on December 3 1 Record any necessary fair value adjusting entry Calculate net income and comprehensive income Assume the company has sales revenue of $ 2 , 6 0 0 , 0 0 0 and operating expenses of $ 1 , 4 0 0 , 0 0 0 Complete this question by entering your answers in the tabs below Required 1 Required 2 Complete the first three rows of an amortization table for Price ( Round your answers to the nearest whole number )", "question_description": "