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Please make sure photos and written equations are readable, and also so i can see the whole answers please! Requirements 1. If the market interest
Please make sure photos and written equations are readable, and also so i can see the whole answers please!
Requirements 1. If the market interest rate is 8 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 2. If the market interest rate is 13 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 3. Assume that the issue price of the bonds is $618,000. Journalize the following bonds payable transactions (round amounts to the nearest dollar): a. Issuance of the bonds on February 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018 Accrual of interest and amortization of premium on December 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019 c. Anton February 2018 Roland Corp. oes 10 percent 10 year onde parow with morte 600.c. The pay toward and met with the mit call your endis 1 Reader Requirement. Il mare est rate is 8 percent when Roland Cont bonds, will then be wpromocott Explom The 10 percent bonds when the meat percent we price In this will macam Requirement 2. If there are 13 percent when Roland Corps Debondiste product The to parent bonds with me 13 percent will be pro Requirement. At the sto poco the bodies 618.000 Joumice och te os person. Doordineday.combud ty test the whole do Rocediret, the credits. Explore a. Issuance of the bonds on February 1, 2018. Journal Entry Date Accounts Debit Credit Feb 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018. Journal Entry Date Accounts Debit Credit Jul 31, 2018 C. Accrual of interest and amortization of premium on December 31, 2018. Journal Entry Date Accounts Debit Credit Dec 31, 2018 c. Accrual of interest and amortization of premium on December 31, 2018. Journal Entry Date Accounts Debit Credit Dec 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019. Journal Entry Date Accounts Debit Credit Jan 31, 2019 Step by Step Solution
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