( Required information P 1 0 - 6 ( Static ) Recording and Reporting Bonds Issued at...
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PStatic Recording and Reporting Bonds Issued at a Discount LO
The following information applies to the questions displayed below.
PowerTap Utilities is planning to issue bonds with a face value of $ and a coupon rate of percent. The bonds mature in years and pay interest semiannually every June and December All of the bonds were sold on January of this year. PowerTap uses the effectiveinterest amortization method.
Assume an annual market rate of interest of percent. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
P Part
What is the book value of the bonds on June and December of this year?
Note: Round your final answers to nearest whole dollar amount.
tableJune December tableBondspayable
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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