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only need part C QUESTION 42 Windchime Inc. issued 10-year bonds with a par value of $20,000,000 and a 9% face rate on January 2,
only need part C QUESTION 42 Windchime Inc. issued 10-year bonds with a par value of $20,000,000 and a 9% face rate on January 2, 20X4. The market rate of interest on the bonds is 8%. Interest is paid to bondholders semiannually on June 30 and December 31. The bonds were issued at a price of 106.8. Provide the journal entry to be used to record the interest payments on the bonds. Any premium or discount should be amortized using the straight-line interest amortization method. A Calculate the issue price of the bonds using the price provided. Are the bonds being issued at a discount or premium, how do you know? What is the discount or premium amount? B. Provide the journal entry to record the issuance of the bonds. C. Price the journal entry to record the interest payment on the bonds on June 30. Any premium or discount should be amortized using the straight-line interest amortization method. T T T Arial 3 (12pt) + T E Words:0 Path:p Click Same and Submit to some and submit. Click Save All Answers to save all answers, 19
only need part C
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