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The Factor tables can be found by googling PV, FV, PVA, FVA, PVAD, FVAD tables. All the same tables. The Bradford Company issued 12% bonds,
The Factor tables can be found by googling PV, FV, PVA, FVA, PVAD, FVAD tables. All the same tables.
The Bradford Company issued 12% bonds, dated January 1, with a face amount of $97 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (FV of PV of SI FVA of $1, PVA of SI FVAD of S] and PVAD of SJ Required: 1. Determine the price of the bonds at January 1, 2021. 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Req Req 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answer whole dollars.) Req 2 to 4
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