Question: FV and PV tables can be found on google . On January 1 of this year, Barnett Corporation sold bonds with a face value of

FV and PV tables can be found on google .

On January 1 of this year, Barnett Corporation sold bonds with a face value of $504,000 and a coupon rate of 5 percent. The bonds mature in 8 years and pay interest annually on December 31. Barnett uses the effective-interest amortization method. Ignore any tax 8 effects. Each case is independent of the other cases. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Required: 1. Complete the following table. The interest rates provided are the annual market rate of interest on the date the bonds were issued. Case A (5%) Case B (6%) Case C (4%) a. Cash received at issuance b. Interest expense recorded in Year 1 c. Cash paid for interest in Year 1 d. Cash paid at maturity for bond principal

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