Question: PART A: Bond Issue Journal Entries ples, provide the journal entry that the company would make to For each of the following three exarm record
PART A: Bond Issue Journal Entries ples, provide the journal entry that the company would make to For each of the following three exarm record the bond issue. Dubey Inc. issues 10-year bonds with a face value of $4,00o,000 and a stated annual interest rate of 7%. 1. The bonds pay interest semiannually on December 31, The market rate of interest on the date of issue is 8%. Noehlani Company issues 5-year bonds with a face value of $12,000,000 and a stated annual interest rate of 4%. The bonds pay interest annually on June 30 and December 31 . The market rate of interest on the date of issue is 3%. 2. Tyler Corporation issues 20-year bonds with a face value of $50,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31 . The market rate of interest on the date of issue is 6%. 3. ACC102 Graded Homework #3-Paae 2 of 4
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