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Please re do this question with proper calculations. The last expert didnt include any calculations. Please explain finding the issue price with financial calculator inputs.
Please re do this question with proper calculations. The last "expert" didnt include any calculations. Please explain finding the issue price with financial calculator inputs. Lastly, please correct the errors
On January 1, 2021, Sunland Ltd. issued bonds with a maturity value of $7,200,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The company's year end is December 31 . Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Your answer is correct. Calculate the issue price of the bonds. (For calculation purposes, use 5 decimai ploces as displayed in the foctor table provided. Round final answer to 0 decimol ploces, es. 5.275.) Issue Price $ phases, e; +.275j tirevarb] What amounts would be reported as current and non-current in the liabilities section of 5 u-land Lid's Decenber 31 , 2021, balance sheet? (Round answers to 0 decimal places, es 5275 ) not indent manually: M no mitry is requirnt telect "No Cntry" for the ocoount kes and erta 0 (cr the dicunts) The bonds were redemed on lanuary 1,202a fafter the interest had beco paid and recoeicd at 102 . Prepare fhe joureal entry The bands were redeened on January 1, 2023 (after the interest had been paid and recorded) at 102 . Presare the journal entry eTextbook and Media Assume instead that the bonds were not redeemed on January 1. 2023. Record the entry for the repayment of the bonds on January 1. 2031. Credit nccount tities are outomatically indented when the amount is entered. Do not indent nurailix Mresertry Is rowtied, select "No Entry" for the account titles and enter Ofor the amounts) Rssume ustead that the boctas were nof redeemed on lanuary 1, 2023. feeord the entry for the reparyirent of the bondr on noquircA, winct "Ho Eniry" for the account the and enter ofor the amounts) What will be the total interest payment over the 10year life of slue toods? What will be the total elderest eobenis e she 10 yes lafe of the bords? fliound anwen to 0 dechem plact, eg 5,275 ) Bnterest Payinent 5 Interest Expersf Step by Step Solution
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