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TOP URGENT PLZ raded Assignment Help Save & Edit & Submit 4. Calculate the interest expense that would be recorded in each of 20x9 and
TOP URGENT PLZ
raded Assignment Help Save & Edit & Submit 4. Calculate the interest expense that would be recorded in each of 20x9 and 20x10. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Check my work 2009 20X10 Interest expense Hartbelton Ltd. Issued $3.650.000 of 5% bonds payable on 1 September 2009 to yleld 4% Interest on the bonds is pald semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20x8, and had an onginal term of five years. The accounting period ends on 31 December. The effective interest method is used. (PV of $1. PVA of $1. and PVAD of 51.) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the bonds were issued (Round time value factor to 3 decimal places. Do not round Intermediate calculations. Round your final answer to the nearest whole dollar amount.) 5. Show how the bond would be presented on the statement of financial position as of 31 December 20x9 and 20x10. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Price or Bondi HAMBELTON LIMITED Statement of Financial Position Partian As of 31 December 20XD 20X10 Bands payable Premium on bundayutile $ ols 2. Prepare a bond amortization table for the life of the bond (Round time value factor to 3 decimal places. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "o" wherever required.) Interest Payment Interest Expense Premium Unamortized Amortization Premium Net Bond Liability Date Opening 1 2 3 4 5 6 7 3. Prepare journal entries to record the Issuance of the bonds, payment of interest and all necessary adjustments through to the end of 20X10. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 3 4 5 > Record the issuance of bonds at a premium Noter Enter debits before credits General Journal Dahit Credit Data 1 September 20x9 Record entry Cles entry View general JournalStep by Step Solution
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