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Problem 10-10AB Effective Interest: Amortization of bond; retiring bonds LO P1, P4, P5, P6 nvm Never mind, I forgot something on the previous question. thank
Problem 10-10AB Effective Interest: Amortization of bond; retiring bonds LO P1, P4, P5, P6
nvm
Never mind, I forgot something on the previous question. thank you though
n ation kercise 10-8A Computing bond interest and price; recording bond issuance LO C2, tywide Company issues bonds with a par value of $150,000 on their stated issue date. The bonds mature in nnual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8% (Table nd Table B.4) (Use appropriate factor(s) from the tables provided.) What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds' issuance. X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Reg 5 Prepare the journal entry to record the bonds'issuance. (Round intermediate calculations to the nearest dollar amount No Transaction General Journal Debit Credit Cash 162,172 Bonds payable 150,000 Premium on bonds payable 12,172 Step by Step Solution
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