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Take me to the text A company is issuing $ 3 4 0 , 0 0 0 worth of 5 - year bonds on August
Take me to the text A company is issuing $ worth of year bonds on August bearing an interest rate of payable annually. Assume that the current market rate of interest is a Will the bonds be issued at a discount or at a premium? b Calculate the value of the resulting discount or premium. c Record the journal entry to reflect the sale of bonds and the appropriate discount or premium. Note that the present value factor for the principal is years and that the present value factor for the recurring interest payment is years Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Enter the debit accounts in alphabetical order as applicable. Enter all credit accounts in alphabetical order as applicable. The bonds are issued at a : Answer Discount Discount or premium amount: $Answer Date Account Title and Explanation Debit Credit Aug Answer Cash Answer Answer Discount on Bonds Payable Answer Answer Bonds Payable Answer Issue of bonds at discount or premium
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A company is issuing $ worth of year bonds on August bearing an interest rate of payable annually. Assume that the current market rate of interest is
a Will the bonds be issued at a discount or at a premium?
b Calculate the value of the resulting discount or premium.
c Record the journal entry to reflect the sale of bonds and the appropriate discount or premium.
Note that the present value factor for the principal is years and that the present value factor for the recurring interest payment is years
Do not enter dollar signs or commas in the input boxes.
Round your answers to the nearest whole number.
Enter the debit accounts in alphabetical order as applicable. Enter all credit accounts in alphabetical order as applicable.
The bonds are issued at a : Answer
Discount
Discount or premium amount: $Answer
Date Account Title and Explanation Debit Credit
Aug Answer
Cash
Answer
Answer
Discount on Bonds Payable
Answer
Answer
Bonds Payable
Answer
Issue of bonds at discount or premium
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