Question: please help 31 D H M Question: LTL-Bonds (10 marks) 2 3 Morning Automation Ltd. Issued 6%, 10-year bonds with a face value of $100

please help 31

D H M Question: LTL-Bonds (10 marks) 2 3 Morning Automation Ltd. Issued 6%, 10-year bonds with a face value of $100 million at par on May 1, 2020. The bonds pay interest on 4 October 31 and April 30 each year. The first payment was made on October 31, 2020. Morning's year end is December 31. 5 6 a. Determine the cash received on issuance and the yield for the 10-year bonds issued by Morning Automation. (2 marks) D 12 13 5 b. Prepare the journal entry for the issuance of the bond. (4 marks) 6 7 8 9 10 7 # 11 CLICK HERE TO SAVE YOUR WORK 1 25 26 c. Prepare the journal entries required at October 31 and December 31, 2020 and the entry for the interest payment on 27 April 30, 2021. (4 marks) 28 29 30 31 32 3 4

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