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TOP URGENT Prentice Ltd. Was authorized to issue $2.500.000 of 10-year, 6% bonds payable on 1 August 20X2. The bonds are due on 31 July
TOP URGENT
Prentice Ltd. Was authorized to issue $2.500.000 of 10-year, 6% bonds payable on 1 August 20X2. The bonds are due on 31 July 2012 Interest payments dates were 31 July and 31 January. The bond was sold to yield 8%. Porsi PVA of S1, and PVAD Of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the proceeds from issuance. (Round time value fector to 5 decimal places. Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuance 2. Calculate the proceeds from Issuance of the yield rate is 5% and the bond is issued on 1 August 20X4, still with a maturity date of 31 July 2012 (Round time value factor to 5 decimal places. Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuance 3. Calculate the proceeds from Issuance of the yield role i5 8%, and the bond is issued between interest Codes, on 1 October 20X2. soll with a maturity date of 31 July 2012 Exclude accrued interest. (Round time value factor to 5 decimal places. Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuance
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