Presley Corp. issued $200,000 of 6% bonds on November 1, 2014, at par value. The bonds were dated October 1, 2014 and pay interest each April 1 and October 1. Record the issue of the bonds on November 1, 2014.
Answer to relevant QuestionsOn 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:a.12%b.10%c.14%Dawson Limited issued 12%, 10-year bonds with a par value of $60,000 and semi-annual interest payments. On the issue date, the annual market rate of interest for the bonds was 10%, and they sold for $67,478. The effective ...On January 1, 2014, BakBone Software Ltd. issued $450,000 of 20-year, 8% bonds that pay interest semi-annually on June 30 and December 31. The bonds were sold to investors at their par value.a. How much interest will BakBone ...Ballyliffin Corp. issued bonds with a par value of $820,000 and a five-year life on May 1, 2014. The contract interest rate is 7%. The bonds pay interest on October 31 and April 30. They were issued at a price of $803,164 ...On October 1, 2014, Ambrilia Biopharma Inc. issued a $750,000, 7%, seven-year bond. Interest is to be paid annually each October 1.Requireda. Calculate the issue price of the bond assuming a market interest rate of 5%.b. ...
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