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show the calculations and the reason why it is calculated like that 1. On January 1, 2017, Cahill Brothers, Inc. issues bonds that have a

show the calculations and the reason why it is calculated like that

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1. On January 1, 2017, Cahill Brothers, Inc. issues bonds that have a $3,400,000 par value, mature in 20 years and pay 9% interest semiannually on June 30 and Dec 31. The bonds sell at par (4.8 points per question) a. How much interest will Cahill Brothers pay (in cash) to the bondholders every six months. b. Prepare journal entries to records a. The issuance of bonds on January 1, 2017- b. The first interest payment on June 30, 2017- c. The second interest payment on Dec. 31, 2017- c. Prepare the journal entry for issuance assuming the bonds are NOT SOLD at par but are sold at:+ a. Bonds are sold at 98- b. Bonds are sold at 102~ 2. Loveland Corp. issues 6%, four-year bonds on Dec. 31, 2018 with a par value of $200,000 and semi-annual interest payments. Use the bond amortization table below and prepare journal entries to record: ( 3 points per entry)

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