On January $1,2024,$ Rodriguez Window and Pane lasued $$39$ millon of $10-$yew, zero$-$coupon bonds for $$6,407,267$

Required:

$2.$ Determine the effoctive rase of interest

$8\mathrm{.}3.$ to $5.$ Prepare the necessary journal entries.

Complete this questica by entering your answers is the has bolew.

Determine the effective rate of interest.

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Frepare the fieceswary journal entries. calculations and final answers bo nearent whole dollat.

$x$

$1$ Becord the istuance of the bends.

$3$ Aecord annaal ineerest espente at Deormber $31,2604.$

Note $1$

Journal entry has been entered.

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