Question: 8-15 please 21:55 al Chapter 9 Updated chapter 9 packet Use the following to answer questions 8-10 the nearest dollar) (Round answers to C issues
8-15 please 21:55 al Chapter 9 Updated chapter 9 packet Use the following to answer questions 8-10 the nearest dollar) (Round answers to C issues 9%, 10-year bonds with a face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 9%. Interest is paid annually. 8. S (rounded). What is the issue price of the bond? (rounded). When the company records the 2nd interest payment, how much will the company record for interest expense? 10. S (rounded). What is the bond liability (carrying amount) after the 2nd interest payment? Use the following to answer questions 11 15 Presented below is a partial amortization schedule for D Corp Determine the missing amounts: (rounded) Determine the amount for interest expense for the 2" interest payment. 12. S (rounded) Determine the amount for the 2- interest payment. (rounded) Determine the carrying value after the 2 interest payment. 14. S How much cash did the company receive at issuance? 15. Was the bond issued at face, premium or discount? Use the following to answer questions 16-20 (Round answers to the nearest dollar) E issues 6.1%, 10-year bonds with a face amount of$300,000 for $297,812.75. The market interest rate for bonds of similar risk and maturity is 6.2%. Interest is paid annually. Previous Next To Do Inbox
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