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Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $115,000 par value on January 1, 2017,
Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $115,000 par value on January 1, 2017, at a price of $110.888. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31 3 of 3 Journal entry worksheet 1 Record the paid par value at maturity. (Assume interest recorded.) Note: Enter debits before credits Date General Journal Debit Credit May 31, 2018 View general journal Record entry Clear entry Next of 8 6 Reg 1 to 3 Reg 4 Reg 5 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.) Table Values are Based on: n = = Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds Req 1 to 3 Reg 4 Reg 5 Prepare the journal entry to record the bonds' Issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet Reg 1 to 3 Reg 4 Reg 5 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.) Table Values are Based on: n = = Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds Req 1 to 3 Reg 4 Reg 5 Prepare the journal entry to record the bonds' Issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet
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