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P15-38B Tristate Recreation Park (TRP) finances operations with both bonds n stock. Suppose TRP issued $200,000 of 10-year, 6% bonds payak under various market conditions.
P15-38B Tristate Recreation Park (TRP) finances operations with both bonds n stock. Suppose TRP issued $200,000 of 10-year, 6% bonds payak under various market conditions. Match each market interest rare the appropriate bond price, as follows. The three possible bond prics are $216,000; $200,000; and $186,000 Bond Price Market Interest Rate 7% 5% 5% TRP pays annual interest each December 31 After determining the respective bond prices, make the following nal entries for the bond premium situation (explanations are not requireds Issuance of the bonds at a premium. (pp. 744-745) by the straight-line method. (pp. 744-745) by the straight-line method. (pp. 744-745) Dec. 31, 2008 Dec. 31, 2009 Payment of interest and amortization of bond premiun Dec. 31, 2018 Payment of interest and amortization of bond premiun Dec. 31, 2018 Final payment of the bonds payable. (pp. 740, 743) How much total interest expense will TRP have during the 10-year life c these bonds
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