Christmas Anytime issues $700,000 of 5% bonds, due in 15 years, with interest payable semiannually on...
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Christmas Anytime issues $700,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Issue price Interest Expense Carrying Value Change in Date Cash Paid Carrying Value 01/01/2021 06/30/2021 12/31/2021 Christmas Anytime issues $700,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Issue price Interest Expense Carrying Value Change in Date Cash Paid Carrying Value 01/01/2021 06/30/2021 12/31/2021
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1 Period 7000005 Present value Calculation of PV 1 35000 34313 350001021 ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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