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Please use the photo table EX-9B On February 1, 2011, Giant Corp. issued an $800,000 5% two-year bond. Interest is payable quarterly each May 1,
Please use the photo table
EX-9B On February 1, 2011, Giant Corp. issued an $800,000 5% two-year bond. Interest is payable quarterly each May 1, August 1, November 1, and February 1 Required Part 1 a. Calculate the bond issue price assuming a market interest rate of 6% on the date of issue. b. Using the effective interest method, prepare an amortization schedule. s. Record the entry for the issuance of the bond on February 1, the adjusting entry to accrue bond interest and related amortization on March 31, 2011, Giant Corp.'s year payment of interest on May 1, 2011 Step by Step Solution
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