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PLEASE provide me with the solutions how to get the answers and how to calculate them with and without financial calculator. PLEASE provide me with
PLEASE provide me with the solutions how to get the answers and how to calculate them with and without financial calculator.
PLEASE provide me with the solutions how to get the answers and how to calculate them with and without financial calculator.
On January 1, 2018, Darnell Window and Pane issued $18 million of 10-year, zero-coupon bonds for $5,795,518. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 2. Determine the effective rate of interest. 1. & 3. to 5. Prepare the necessary journal entries. Complete this question by entering your answers in the tabs below. General Interest rate Journal Prepare the necessary journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermedaite calculation and final answers to nearest whole dollars.) Journal entry worksheet 2 3 4 Record the issuance of the bonds. Note: Enter debits before credits. Debit Credit Date General Journal January 01, 2018 Cash Discount on bond investment Bonds payable Journal entry worksheet 3 4 Record annual interest expense at December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 Journal entry worksheet KO 2134 Record annual interest expense at December 31, 2019. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 Journal entry worksheetStep by Step Solution
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