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Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 2. Prepare an amortization table
Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) 3. Journalize the issuance of the bonds on January 1,2024 , and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2024 and December 31, 2024. Explanations are not required. Reference Futuro Valua of Ordinans Annuitu of $1 Reference Reference Reference eep Well, Inc. is authorized to issue 5%,10-year bonds payable. On January 1,2024 , when the market interest rate is 12%, the company issues $600,000 of the bonds. The bonds pay interes miannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) 3. Journalize the issuance of the bonds on January 1,2024 , and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2024 and December 31, 2024. Explanations are not required. Reference Futuro Valua of Ordinans Annuitu of $1 Reference Reference Reference eep Well, Inc. is authorized to issue 5%,10-year bonds payable. On January 1,2024 , when the market interest rate is 12%, the company issues $600,000 of the bonds. The bonds pay interes miannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.)
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