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Problem 5-Bond-Related Amounts Enter the answer to each question regarding bond transactions. bonds at a discount of $544,537. How much cash was received? 1. A
Problem 5-Bond-Related Amounts Enter the answer to each question regarding bond transactions. bonds at a discount of $544,537. How much cash was received? 1. A company issued $4,900,000, 7-year, 8% A company issued $5,900,000, 20-year, 12% bonds for ss,788 549 with interest payable semi-annually when the market rate was 13 How many payments will the company make in the future to the bondholders? 2. On January 1 , a company issued $623,000, 10-year, 9% bonds for $606,000 with interest payable semi-annually. What is the debit balance of Discount on Bonds Payable after 6 full years? 3. On January 1, a company issued $336,000, 10-year, 7% bonds for $324,000 with interest payable semi-annually. What is the carrying amount of the bonds after 4 full years of amortizat 4 5. Bonds Payable has a balance of $898,000 and Discount on Bonds Payable has a balance of $20,170 If the issuing corporation redeems the bonds at 97, what is the amount of gain or loss on redemption? Enter a loss as a negative amount
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