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PV table is not missing. Everything that is given in the question is here. Please help me with this question. Thank you. Question 1 Nash
PV table is not missing. Everything that is given in the question is here. Please help me with this question. Thank you.
Question 1 Nash Co. is building a new hockey arena at a cost of $2,430,000. It received a downpayment of $490,000 from local businesses to support the $1,940,000 to complete the project. It therefore decides to issue $1,940 000 of 11%, 10-year each January 1. The bonds yield 10% bonds. These bonds were issued on January 1, 2016, and pay interest annually on Prepare the journal entry to record the issuance of the bonds on January 1, 2016. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g.58,971. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2016 SHOW LIST OF ACCOUNTSStep by Step Solution
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