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These are the correct answers but I need the explanations. Thank you! ACCT-2301.1CY - Principles of Financial Accounting Mckenna Alton & Homework: Assignment #9 -
These are the correct answers but I need the explanations. Thank you!
ACCT-2301.1CY - Principles of Financial Accounting Mckenna Alton & Homework: Assignment #9 - Chapter 9 Save Score: 0 of 5 pts 3 of 5 (5 complete) HW Score: 74.7%, 18.87 of 25 pts X S9-7 (similar to) Question Help Potter Corporation issued $620.000 of 6%, 12-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Potter Corporation's year-end is March 31. Review the following amortization tatile for Potter's bands: (Click the icon to view the amortization table.) Read the requirements. 1. How much cash did Patler Corporation brow an March 31, 20197 How much cash will the company paay back ist maturity on March 31, 20317 Potter borrowed cash in the amount of $ 485,192 on March 31, 2019 Patter will pay back cash in the amount of $ 620,000 at malunity cn March 31, 2031. 2. How much cash interest will the company pay esch six months? Potter will pay s 18,600 cash interest each six months. 3. How much interest experise wil Patler Corporation report on Seplember 30, 2019, and on March 31, 20207 Why does the amount of interest experise increase each pericid? This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. ? All parts showing Similar Question 1 Previous Nry Homework: Assignment #9 - Chapter 9 Save Score: 0 of 5 ptsStep by Step Solution
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