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p can you please answer the question very quickly? make sure don't screenshot the answers On January 1, 2020, Ellison Co. issued eight-year bonds with
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can you please answer the question very quickly? make sure don't screenshot the answers
On January 1, 2020, Ellison Co. issued eight-year bonds with a face value of $5,000,000 and a stated interest rate of 8%, payable semiannually on June 30 and December 31. The bonds were sold to yield 6%. Table values are: .627 .540 .623 .534 Present value of 1 for 8 periods at 6%. Present value of 1 for 8 periods at 8%. Present value of 1 for 16 periods at 3%. Present value of 1 for 16 periods at 4%. Present value of annuity for 8 periods at 6%.. Present value of annuity for 8 periods at 8% Present value of annuity for 16 periods at 3% Present value of annuity for 16 periods at 4%.. Make the journal entries on June 30, 2021 and December 31, 2021 6.210 5.747 12.561 11.652 TStep by Step Solution
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