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This has gotten very difficult really need some assistance on this one. Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1, 2014,

This has gotten very difficult really need some assistance on this one.

Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1, 2014, Trueman Corporation issued $700,000 of 20-year, 11% bonds for $647,338, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31. (a) Confirm the bond issue price. (Use a financial calculator or Excel to compute. Round answers to the nearest whole number.)

Present value of principal repayment =$Answer
Present value of interest payments =$Answer
Selling price of bonds =$ 647,338

(b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30, 2014, and (3) semiannual interest payment and discount amortization on December 31, 2014.(Round answers to the nearest whole number.)

(1) Answer Answer Answer Answer Answer
(2) Answer Answer Answer 0.00 points out of 1.00 Answer Answer
(3) Answer Answer Answer Answer Answer
Answer Answer Answer
Answer Answer Answer
Answer Answer Answer

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