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You decided to raise more capital for your business to help cover the cost of the additional contracts purchased in your acquisition. Therefore, you issued
You decided to raise more capital for your business to help cover the cost of the additional contracts purchased in your acquisition. Therefore, you issued a bond to raise capital for expansion Your company also invested in a bond issued by other entities as part of its investment portfolio. Use the following transactions to record journal entriesOn April you issued a year $ face value bond at par value with a annual interest rate, payable semiannually. On July you purchased a year $ face value bond with a annual interest rate issued by XYZ Corporation, payable annually. Assume the market rate is On September your company paid semiannual interest to bondholders. create an amortization schedule on both of the bonds. Additionally, provide the journal entries of the bond's activities for your company's fiscal year to be reported on the yearend financial statementsYou decided to raise more capital for your business to help cover the cost of the additional contracts purchased in your acquisition. Therefore, you issued a bond to raise capital for expansion. Your company also invested in a bond issued by other entities as part of its investment portfolio. Use the following transactions to record journal entries: On April you issued a year $ face value bond at par value with a annual interest rate, payable semiannually. On July you purchased a year $ face value bond with a annual interest rate issued by XYZ Corporation, payable annually. Assume the market rate is On September your company paid semiannual interest to bondholders. Provide the journal entry to record the initial transaction of these bonds at their present value. create an amortization schedule on both of the bonds. Additionally, provide the journal entries of the bond's activities for your company's fiscal year to be reported on the yearend financial statements 
You decided to raise more capital for your business to help cover the cost of the additional contracts purchased in your acquisition. Therefore, you issued a bond to raise capital for expansion
Your company also invested in a bond issued by other entities as part of its investment portfolio. Use the following transactions to record journal entriesOn April you issued a year $ face value bond at par value with a annual interest rate, payable semiannually.
On July you purchased a year $ face value bond with a annual interest rate issued by XYZ Corporation, payable annually.
Assume the market rate is
On September your company paid semiannual interest to bondholders.
create an amortization schedule on both of the bonds. Additionally, provide the journal entries of the bond's activities for your company's fiscal year to be reported on the yearend financial statementsYou decided to raise more capital for your business to help cover the cost of the additional contracts purchased in your acquisition. Therefore, you issued a bond to raise capital for expansion. Your company also
invested in a bond issued by other entities as part of its investment portfolio. Use the following transactions to record journal entries:
On April you issued a year $ face value bond at par value with a annual interest rate, payable semiannually.
On July you purchased a year $ face value bond with a annual interest rate issued by XYZ Corporation, payable annually.
Assume the market rate is
On September your company paid semiannual interest to bondholders.
Provide the journal entry to record the initial transaction of these bonds at their present value.
create an amortization schedule on both of the bonds. Additionally, provide the journal entries of the bond's activities for your company's fiscal year to be reported on the yearend financial statements
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
