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PLEASE PROVIDE AN EXPLANATION IF POSSIBLE! THANK YOU SO MUCH :) ! Required information (The following information applies to the questions displayed below.] Christmas Anytime
PLEASE PROVIDE AN EXPLANATION IF POSSIBLE! THANK YOU SO MUCH :)
! Required information (The following information applies to the questions displayed below.] Christmas Anytime issues $700,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Issue price $ 550,392 Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 $ 06/30/2021 $ 0 17,500 $ 17,500 $ 17,500 17,500 700,000 700,000 700,000 12/31/2021 0
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