Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2015, the
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1. If the market interest rate is 9%, the bonds will issue at $3,000,000. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.
2. If the market interest rate is 10%, the bonds will issue at $2,813,067. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.
3. If the market interest rate is 8%, the bonds will issue at $3,203,855. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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