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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. 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. (RRouna factor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, eg. 5,275.) on bond $ Prepare a partial Bond Premium/Discount Amortization Schedule for RMM Limited. Only prepare the entries in the schedule for July 1, 2023, January 1, 2024, and July 1,2024. (Round answers to O decimal places, e. 5. 5, 275.) Prepare the journal entry to record the issue of the bonds. (Credit account tities are automatically indented when the amountis entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answei to 0 decimal places, es. 5,275. List debit entry before credit entry.)

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