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Question 2: [4 marks) Jordan Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pay interest semiannually on
Question 2: [4 marks) Jordan Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? 2.5% 3.0% 5.0% 6.0% Present value of a single sum for 5 periods 88385.86261 78353 74726 Present value of a single sum for 10 periods.781207440961391 .55839 Present value of an annuity for 5 periods 14.645834.579714.32948 4.21236 Present value of an annuity for 10 periods 8.752068.53020 7.72173 7.36009 Answer Question Prepare the required entry to record the bonds issuing
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