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please anwser asap!! ill rate Nero Solutions Co. issued an $920,000, 7%, three-year bond for $926,000. The bond pays interest annually, at each year-end. At

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Nero Solutions Co. issued an $920,000, 7%, three-year bond for $926,000. The bond pays interest annually, at each year-end. At maturity, the bond can be repaid in cash or converted to 72,000 common shares at the investor's option. The market interest rate for bonds of similar term and risk, but that are not convertible, is in the range of 8%. (PV of S1, PVA of $1, and PVAD of S1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the portion of the bond to be recorded as a liability. (Round time value factor to 5 decimal places. Round down the bond liability to nearest tenth dollar.) Bond liability 2. Provide the entry to record issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round time value factor to 5 decimal places. Round your intermediate calculations to nearest whole dollar. Round down the bond liability to nearest tenth dollar.) View transaction list Journal entry worksheet

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