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TAFF On January 1, 2021, Darnell Window and Pane issued $19.8 million of 10-year zero coupon bonds for $7633.757. (EY of $1. PV of $1
TAFF On January 1, 2021, Darnell Window and Pane issued $19.8 million of 10-year zero coupon bonds for $7633.757. (EY of $1. PV of $1 EVA of $1. PVA OLS1, EVAD of S1 and PVAD of S1) (Use appropriate foctor(s) from the tables provided.) Required: 2. Determine the effective rate of interest 1. & 3. to 5. Prepare the necessary journal entries. Complete this question by entering your answers in the tabs below. Interest rate General Journal Determine the effective rate of interest. General Journal > View transaction list Journal entry worksheet 5.88 points 2 3 4 eBook Record the issuance of the bonds. References Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal sed See all photos + Add to View transaction list Journal entry worksheet 5.88 points eBook Record annual Interest expense at December 31, 2021. References Note: Enter debits before credits Debit General Journal Date Credit December 31, 2021 Record entry Clear entry View general journal -arch ofie View transaction list Journal entry worksheet 5 88 points eBook Record annual interest expense at December 31, 2022. References Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2022 Record entry Clear entry View general journal See all phon + A View transaction list Journal entry worksheet 5.88 Joints TAFE
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