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REQUIRED: A. Is this a Premium or Discount Bond? B. Determine the sales price of the bond using Present Value Tables. C. Determine the total
REQUIRED: A. Is this a Premium or Discount Bond? B. Determine the sales price of the bond using Present Value Tables. C. Determine the total amount of interest expense for this bond at maturity using the Interest expense calculating formula. D. Prepare the Bond Amortization Table for this bond. E. Prepare the Journal Entries for the date of issue and first interest payment Bond#2: Given: The Mason Corporation issued a 3-year $500,000 bond at a coupon rate of 9% on January 1, 2017; the bond matures on December 31, 2019. Cash payments are made to investors on June 30 and December 31, The market yield for bonds of similar risk and rmaturity was 12% Prepare the answers to the same Requirements as fokond#1 REQUIRED
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