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Question 3 of 3 - / 100 Canista Crown corporation owned by the government issued bonds to finance the construction of the next generation of
Question 3 of 3 - / 100 Canista Crown corporation owned by the government issued bonds to finance the construction of the next generation of observation satellites on Jawary 1, 2020. Cansat bued 7%, 15 year bonds with a face value of $220.000.000 The bonds will interest semiannually on June 30 and December 31 Calculate the amount of cash Cansat will receive is the bonds are sold under each of the following bond alternatives 7% (issued at par aprice of 95.542 to yield 7.5% La premium in the amount of $10,450,000 and first interest expense of $7489625 Cash Received $ H SA $ Question 3 of 3 - / 100 Prepare the journal entry Cansat would record at the time of the issuance of the bonds under each of the sternatives (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 No. Account Titles and Explanation Debit Credit ik e Textbook and Media List of Accounts Question 3 of 3 - / 100 Prepare the journal entries to record the first interest expense for the alternatives and above. 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) No. Account Titles and explanation Debit Credit
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