Question: On August 1 2014 Blancard Inc issued 520 000 of 10
On August 1, 2014, Blancard Inc. issued $520,000 of 10%, seven-year bonds. Interest is to be paid semi-annually. Calculate the issue price of the bonds if the market interest rate was:
Answer to relevant QuestionsOn February 1, 2014, Seemac Corp. issued $750,000 of 11%, eight-year bonds. Interest is to be paid quarterly. Calculate the issue price of the bonds if the market interest rate was:a.6%b.11%c.13%Bozena Inc. issued a $200,000, 8%, three-year bond on November 1, 2014, for cash of $194,792. Interest is to be paid quarterly. The annual market rate of interest is 9%. Assume a year-end of December 31. The amortization ...On March 1, 2014, Jager Metal Corp. issued 8% bonds dated January 1, 2014. The bonds have a $900,000 par value, mature in 20 years, and pay interest semi-annually on June 30 and December 31. The bonds were sold to investors ...On November 1, 2014, Yardley Inc. issued a $740,000, 5%, two-year bond. Interest is to be paid semi-annually each May 1 and November 1.Requireda. Calculate the issue price of the bond assuming a market interest rate of 6% on ...Refer to the amortization schedule prepared in Exercise 15-18. Assume a November 30 year-end.RequiredPart 1Record the following entries:a. Issuance of the bonds on October 1, 2014.b. Adjusting entry to accrue bond interest ...
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