problem14-8 A Thx

present value is euqal to 0.6756 and 8.1109

CHAPTER 14 Bonds and Long-Term Notes Payable Part 2 now how the bonds will appear on the balance sheet under non-current liabilities at Januar Bond Issue A Period Ending Dec 1/20 Problem 14-8A Bond premium amortization and finding the present value of remaining cash flows L06 excel CHECK FIGURE: 2. Total interest expense = $182,185 Calculations Marketing Inc. issued 8.5% bonds with a par value of $450,000 and a five-year life on Januari 2020, for $459,125. The bonds pay interest on June 30 and December 31. The market interest rate was the original issue date. Required 1. Calculate the total bond interest expense over the life of the bonds. 2. Prepare an amortization table using the effective interest method similar to Exhibit 14.15. 3. Show the journal entries that Calculations Marketing Inc. would make to record the first two inter payments assuming a December 31 year-end. 4. Use the original market interest rate to calculate the present value of the remaining cash flow bonds as of December 31, 2022. Compare your answer with the amount shown on the amortizat as the balance for that date and explain your findings. Dec. 1/25 June 127 Dec 1/27 June 1/28 Dec 1/28 June 1/29 Totais Bond Issue B Period Ending Problem 14-9A Bonds issued at a premium and discount (using business calculator PV function) LO4,5,6 excel CHECK FIGURES: 1. = $615,986:20. = $592.200 On March 1, 2020. Quinto Mining Inc. issued a $600,000, 85, three-year bond. Interest is payable beginning September 1, 2020 Required Part 1 Calculate the bond issue price assuming a manet interest rate of 7% on the date of h. Using the effective interest method, prepare an amortization schedule Record the entries for the issuance of the bond on March 1, the site