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Table 1: Table 2: E10-9 Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO10-3, 08 mai Company
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Table 2:
E10-9 Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO10-3, 08 mai Company issued a $1.255 million bond that matures in five years. The bond has a 9 percent coupon rate. When the bond was ssued, the market rate was 4 percent. The bond pays interest twice per year, on June 30 and December 31. Use Table 9 C.1, Table Required: . Record the issuance of the bond on June 30. (Round time value factor to 4 decimal places. Enter your answers in dollars not in nillions. Round intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Journal entry worksheet Record the issuance of bond on June 30th. Note: Enter debits before credits. TABLE 9C.1 TABLE 9C. 2Step by Step Solution
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