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Please show your work [The following information applies to the questions displayed below.] Christmas Anytime issues $680,000 of 5% bonds, due in 10 years, with

Please show your work

[The following information applies to the questions displayed below.]

Christmas Anytime issues $680,000 of 5% bonds, due in 10 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:

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Required 1. The market interest rate is 5% and the bonds issue at face amount. E factors.) o $1, P of31, A o $1, and P Ao 1 Use appropriate factor(s) from the tables provided. Do not round interest rate Date Cash Paid Expense Carrying Value carrying Value 01/01/18 06/30/18 12/31/18 2. The market interest rate is 6% and the bonds issue at a discount. EV o $1. P factors.) o $1. EVA o 1, and PVA 0 $ 1) (Use appropriate factor(s) from the tables provided. Do not round interest rate Interest Increase in Carrying Expense Carrying Value Value Date Cash Pald Expense Carrying Value 01/01/18 06/30/18 12/31/18 3. The market interest rate is 4% and the bonds issue at a premium. F factors.) ots, of$1, and se appropriate fact or s the tables provided. Do not , from und interest rate 0 0 Decrease in Carrying Value Cash Pa dInterest Expense Date Carrying Value 01/01/18 06/30/18 12/31118

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