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On January 1,2024, Reyes recreational products issued $100,000, 12%, four -year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were
On January 1,2024, Reyes recreational products issued $100,000, 12%, four -year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at 94,029 to yield an annual return of 14% Required: 1. prepare an amortization schedule that determines interest at the effective interest rate. 2. prepare an amortization schedule by the straight-line method 3. prepare the journal entries to record interest expense on June 30,2026 by each of the two approaches.5. assuming the market rate is still 14% what price would a second investor pay the first investor on June30,2026 for 14,000 of the bond
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