On January 1 , Renewable Energy issues bonds that have a $ 3 0 , 0 0

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Question:

On January

1,

Renewable Energy issues bonds that have a $

30, 000

par value, mature in six years, and pay

14 %

interest semiannually on June

30

and December

31 .

Prepare the journal entry for issuance assuming the bonds are issued at

(

) 99

and

(

) 103 (1) / (2) .

How much interest does the company pay

(

in cash

)

to its bondholders every six months if the bonds are sold at par?

Posted Date: May 14, 2024 09:08 AM

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On January 1 , Renewable Energy issues bonds that have a $ 3 0 , 0 0

Question:

Expert Answer:

a If the bonds are issued at 99 1 CashProceeds from Bonds 30000 0... View the full answer

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