Question: Hello please help with the follwing problem, the journal entries are correct just need help sovling for them. Thank you please se attached. The Bradford

Hello please help with the follwing problem, the journal entries are correct just need help sovling for them. Thank you please se attached.

Hello please help with the follwing problem, the journal entries are correctjust need help sovling for them. Thank you please se attached. TheBradford Company issued 6% bonds, dated January 1, with a face amountof $50 million on January 1, 2013 to Sawton-Bone Corporation. The bondsmature on December 31, 2017 (5 years). For bonds of similar riskand maturity, the market yield is 8%. Interest is paid semiannually onJune 30 and December 31, (FY of $1 PV of $1, FVAof $1.PVA of S1, FVAD of $1 and PVAD of S1) (Useappropriate factors ) from the tables provided.) Required: 1 Prepare the journal

The Bradford Company issued 6% bonds, dated January 1, with a face amount of $50 million on January 1, 2013 to Sawton-Bone Corporation. The bonds mature on December 31, 2017 (5 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31, (FY of $1 PV of $1, FVA of $1.PVA of S1, FVAD of $1 and PVAD of S1) (Use appropriate factors ) from the tables provided.) Required: 1 Prepare the journal entry to record the purchase of the bonds by Saxton-Bose on January 1, 2013. (Enter your answers in whole dollars, if no entry is required for a ransaction, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the purchase of the bonds by Saxton-Bose. Note: Enter debits before credits. Debit Credit Date General Journal January 01, 2013 and investment L Discount on bond investment 150,000,000 Record entry Clear entry View general journal

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