Question: please help with these two questions! Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Decrease in Carrying Period Issue date


please help with these two questions!
Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Decrease in Carrying Period Issue date for Interest Expense Carrying Value Value 2,562$108$63,948 64,168 $2,450 $2,558 $108 112 64,056 1. & 2. Record the bond issue and first interest payment assuming the face value of bonds payable is $70,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Annuity AnnualInterest Period Present Value of ment Rate C 1 4,000 2. 3. Invested 5 years 8%, semiannually ! 3 years 8% Quarterly | 2years 7% Annually 9000 3,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
