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Required information P10-11 (Algo) Recording and Reporting a Bond Issued at a Premium (with Premium Account) LO10-5 [The following information applies to the questions displayed
Required information P10-11 (Algo) Recording and Reporting a Bond Issued at a Premium (with Premium Account) LO10-5 [The following information applies to the questions displayed below) Serotta Corporation is planning to issue bonds with a face value of $430.000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30. September 30, and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective interest amortization method and also uses a premium account. Assume an annual market rate of interest of 4 percent. (EVS1. PV of $1. EVA of $1. and PVA of $i (Use the appropriate factor(s) from the tables provided.) P10-11 Part 2 2. Provide the journal entry to record the interest payment on March 31, June 30. September 30, and December 31 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) View transaction list Journal entry worksheet 3 1 2 4 > the ERR A canr. "MA LAPSI ANTARA PARALAR Required information View transaction list Journal entry worksheet
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