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Please answer A company issued 7%, 10-year bonds with a face amount of $189,000. The market yield for bonds of similar risk and maturity is
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A company issued 7%, 10-year bonds with a face amount of $189,000. The market yield for bonds of similar risk and maturity is 6%. Interest is paid annually. What is the debit to cash for the bond proceeds? x Here are the PV and PVA factors PV i=6%, 10 periods .55839 PVA i=6%, 10 periods 7.36009 PV i=796, 10 periods 50835 PVA i=7%, 10 periods 7.02358 Question 2 O out of 0.5 points X Enterprise Group issued $100,000 of 4-year, 6% bonds outstanding on December 31, 2015 for $92,000. Enterprise uses straight-line amortization. On April 1, 2016, $50,000 of the bonds were retired at 97 What is the book value of the bonds sold on April 1? Question 3 0 out of 0.5 points Enterprise Group issued $100,000 of 3-year, 6% bonds outstanding on December 31, 2015 for $107,000. Enterprise uses straight-line amortization. On April 1, 2016, $20,000 of the bonds were retired at 95. What is the credit to cashStep by Step Solution
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