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show math please Teal Corporation issued $470,400 of 7% bonds on November 1,2025 , for $499,520. The bonds were dated November 1, 2025, and mature
show math please
Teal Corporation issued $470,400 of 7% bonds on November 1,2025 , for $499,520. The bonds were dated November 1, 2025, and mature in 8 years, with interest payable each May 1 and November 1. Teal uses the effective-interest method with an effective rate of 6%. Click here to view factor tables. Prepare Teal's December 31, 2025, adjusting entry. (Round Intermedlate calculations to 5 decimal ploces, eg. 1.25124 and final answers to 0 decimol places, es. 38,548. If no entry is required, select "No Entry" for the occount titles ond enter 0 for the amounts. Credit account tities or outomatically indented when the amount is entered. Do not indent manually. List all deblt entries before credit entries.) Step by Step Solution
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