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The Wildcat Company issued 8% bonds(stated rate), dated January 1, with a face amount of $20 million. The bonds mature on December 31, year 10.
The Wildcat Company issued 8% bonds(stated rate), dated January 1, with a face amount of $20 million. The bonds mature on December 31, year 10. For bonds of similar risk at maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. 1. Calculate the Bond Price and Enter in the Yellow Highlighted Cell: Coupon Payment PV Face Value PV Total Bond Price: 2. Record the journal entry to record the issuance of the bond by Wildcat. Account Names Debit Credit 3. Record the Entry for the First Payment by Wildcat on June 30th. Account Names Debit Credit 4. Record the entry for the second payment by Wildcat on December 31st. Account Names Debit Credit
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