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Question 10 of 15 0.56/1 Suppose that ABC Co. were to issue a 5-year $128,000 bond that had a coupon rate of 5% and paid

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Question 10 of 15 0.56/1 Suppose that ABC Co. were to issue a 5-year $128,000 bond that had a coupon rate of 5% and paid interest annually under each of the following alternatives: (a) yield rate-4%, assuming the issue price is $133,698.69. (b) yield rate - 5%, assuming the issue price is $128,000. c) yield rate -6%, assuming the issue price is $122,608.38 (a) Your answer is correct. Prepare the journal entries for both the issuance of the bond as well as the first interest payment when the yield rate is 4%. (Round answers to 2 decimal places es 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Cash 133698.69 133698.69 Nates Payable (To record issue of bonds) Interest Expense 5347.95 Notes Payable 1,05205 Cash 3400 (To record interest payment) e Textbook and Media Attempts: unlimited (b) Your answer is partially correct Prepare the journal entries for both the issuance of the bond as well as the first interest payment when the yield rate is 5% (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts.) Account Titles and Explanation Debit Credit Gashi Notes Payable (To record issue of bonds) Interest Expense CA (To record interest payment) e Textbook and Media List of Accounts Save for Later Attempts: unlimited subunit Answer (0 The brus of this question must be completed in order. This part will be available when you complete the part abose

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