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this is accounting question. thank you so much. i will rate right away after received the answer On January 1, 2017, SONOS Company issues 16%,

this is accounting question. thank you so much. i will rate right away after received the answer
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On January 1, 2017, SONOS Company issues 16%, $5,000,000 4-year bonds and the bonds pay interest quarterly on Mar 31. Jun 30, Sep 30, and Dec 31 each year. The prevailing market interest rate at the date of issue is 12%. Use the Effective Interest Rate method of amortization REQUIRED: 1. Calculate the price of the bonds at the issue dato Principal Coupon Payment Future Value Present Value Factor Present Value Price of Bonds 2. Prepare a partial amortization table only for the first 2 years using the table glven below A 8 D 1 DATE INTEREST PAID INTEREST AMORTIZED UNAMORTIZED CARRYING VALUE EXPENSE AMOUNT BALANCE OF BONDS 2 11/2017 3 W31/2017 4 0/30/2017 5 9/30/2017 6 12/31/2017 7 31/2010 0 6/30/2010 30/2018 10 123/2018 11 31/2010 12 6/30/2010 2. Prepare journal entries to record the following: tal Payment of interest on lune 30, 2018 630/2019 3. Prepare journal entries to record the following: ta) Payment of interest on June 30, 2018 (b) Due to high interest rates in 2019, assume that the company retires the bonds on 6/30/2019 at 93. View transaction list Journal entry worksheet 1 2 > (a) Payment of interest on June 30, 2018 habe Enter dehis before credits A D Account Title Debit Cred S. No Date June 30 1 2 2 4 5 6 Record entry Clew entry View general Journal

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