Question
Use the following information for problems #4-6: Hashtag Company issues a bond valuing $1,215,000, with interest of 9% paid annually, and matures in 5 years.
Use the following information for problems #4-6:
Hashtag Company issues a bond valuing $1,215,000, with interest of 9% paid annually, and matures in 5 years.
At the time of issue, the market rate for such bonds is 11 percent.
4] Calculate the Present Value of the bond.
5] Record the journal entry on Junipers books for issuance of the bonds on January 1st.
6] Record the journal on Junipers books for accrual of interest on December 31st
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Auditing Theory And Practice
Authors: Arun Kumar & Rachana Sharma
1st Edition
8171567207, 978-8171567201
