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References Mailings Review View H elp Jackson Manufacturing issued on January 1, 2009, $520,000 of 6%, 12 year bonds to raise funds to buy some
References Mailings Review View H elp Jackson Manufacturing issued on January 1, 2009, $520,000 of 6%, 12 year bonds to raise funds to buy some special equipment. The bonds were sold to yield 8% return compounded semi-annually. The company uses the straight line method to amortize discounts and premiums. SHOW ALL WORK 1. What is the issuance price? 2. Prepare the journal entry to record the issuance 3. Prepare the journal entry for the first bond interest payment. 1 + in Present Value Equation for Single Amount Future Value Equation for Single Amount 1 + i Present Value Equation for Annuity Future Value Equation for Annuity D. Focus 10 DGN
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