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On July 1, 2023, RMM Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate of

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On July 1, 2023, RMM Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company's year-end was September 30 . The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round foctor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 5.275.) on bond \begin{tabular}{|l|r|} \hline Discount & \\ \hline Amortized & Carrying Amount \\ \hline 534 & 836987 \\ \hline 564 & 837521 \\ \hline \end{tabular} Prepare the journal entry to record the issue of the bonds. (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 tittes and enter O for the amounts. Round answers to 0 decimal places, e. 3.5,275. List debit entry before credit entry.) Prepare the year-end accrual entry for RMM Limited at September 30, 2023. (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. Round answers to 0 decimal places, e.g. 5,275. List all debit entries before credit entries.)

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