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Rowe Corporation authorized 50,000 of 8% (cash interest payable semiannually) 10-year bonds. The bonds were dated January 1, 2020; interest dates are June 30 and
Rowe Corporation authorized 50,000 of 8% (cash interest payable semiannually) 10-year bonds. The bonds were dated January 1, 2020; interest dates are June 30 and December 31. Assume three different cases with respect to the sale of the bonds: Case A: Bonds sold on January 1, 2020, at par Case B: Bonds sold on January 1, 2020, at 98 Case C: Bonds sold on February 1, 2020, at 102 Complete the following schedule. CASE A CASE B CASE C Face value of bonds 0 $ Semiannual interest payment 0 $ 0 $ Bond selling price (excluding accrued interest) $ 0 $ 0 $ Bond issue date
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