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View Policies Current Attempt in Progress On July 1 . 2 0 2 3 . RWL Limited issued bonds with a face value of $

View Policies
Current Attempt in Progress
On July 1.2023. RWL Limited issued bonds with a face value of $870,000 due in 20 years, paying interest at a face rate of 7% on
January 1 and July 1 each year. The bonds were issued to yield 8%. The company's year-end was September 30. The company used the
effective interest method of amortization.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1
(a)
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Using 1. factor Tables 2. a financial calculator. or 3. Excel function PV. calculate the premium or discount on the bonds. (Round
foctor values to 5 decimal places, eg.1.25124 and final answer to 0 decimal places, e..5,275.)
on bond
$
Attempts: 1 of 1 used
(b)
Prepare a partial Bond Premium/Discount Amortization Schedule for RWL Limited. Only prepare the entries in the schedule for
July 1,2023. January 1,2024, and July 1,2024.(Round answers to 0 decimal places, eg.5,275.)
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(d)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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