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PLEASE, DO NOT ANSWER IF YOU DON'T KNOW THE CORRECT ANSWER. THIS IS MY SECOND TIME POSTING THIS QUESTION ALREADY. AND PLEASE ANSWER ALL 5
PLEASE, DO NOT ANSWER IF YOU DON'T KNOW THE CORRECT ANSWER. THIS IS MY SECOND TIME POSTING THIS QUESTION ALREADY. AND PLEASE ANSWER ALL PARTS OF THIS QUESTION QUESTION WILL BE PROVIDED IN TEXT BELOW IF YOU CAN'T ANSWER ALL QUESTIONS THEN DO NOT ANSWER AT ALL OR I WILL LEAVE A THUMB DOWN. IM STRESSED. I WILL REPORT YOUR ANSWER TO CHEGG IF IT'S WRONG, IRRELEVANT, OR INCORRECT!
Hambelton Ltd issued $ of bonds payable on September to yield Interest on the bonds is paid semiannually
and is payable each February and August. The bonds were dated March X and had an original term of five years. The
accounting period ends on December. The effectiveinterest method is used. PV of $ PVA of $ and PVAD of $Use
appropriate factors from the tables provided.
Required:
Determine the price at which the bonds were issued. Round time value factor to decimal places. Do not round intermediate
calculations. Round your final answer to the nearest whole dollar amount.
Price of Bond:
Prepare a bond amortization table for the life of the bond.
Please fill in all the columns in table provided in the photo
Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of X
Record the issuance of bonds at a premium Sep X
Record the accrual of interest expense Dec X
Record the payment of interest on bonds Feb X
Record the payment of interest on bonds Aug X
Record the accrual of interest expense Dec X
Calculate the interest expense that would be recorded in each of X and X
Interest expense:
X:
X:
Show how the bond would be presented on the statement of financial position as of December X and X
XX
Bonds Payable:
Perimium on bonds payable:
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