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Please do not show work and answers in handwriting, I can not always understand what it is supposed to be. On January 1, a company
Please do not show work and answers in handwriting, I can not always understand what it is supposed to be.
On January 1, a company issued 10%, 15-year bonds with a face amount of $70 million for $64,913,189.19 to yield 11%. Interest is paid semiannually, what was interest expense at the effective interest rate on June 30, the first interest date? (Enter your answers in whole dollars. Round percentage answers to 2 decimal places.(i.e.,.0234 should be entered as 2.34).) Amount Amount x Effective Rate (% -Interest Expense %)-Interest Expense On January 1, a company issued 396, 10-year bonds with a face amount of $60 million for $55,094,487 to yield 4%. Interest is paid semiannually. what was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Cash Interest Paid Bond Interest Expense Discount Carrying Value Period-End Amortization January 1 June 30 December 31 $ 55,094,487 Total
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