Question: Prepare the entry required for the redemption of face value $3,730,000 of the bonds on June 1, 2021. Prepare any year-end entry required at February





Prepare the entry required for the redemption of face value $3,730,000 of the bonds on June 1, 2021. Prepare any year-end entry required at February 28, 2021. Prepare the journal entry for the scheduled interest payment on September 1, 2020. Prepare the journal entry for the scheduled interest payment on September 1, 2020. Using 1. a financial calculator, or 2. Excel function PV, calculate the issue price of the bonds and prepare the entry for the issuance of the bonds. (Hint: Use the account interest Payable in your entry Prepare the entry required for the redemption of face value $3,730,000 of the bonds on June 1, 2021. Prepare any year-end entry required at February 28, 2021. Prepare the journal entry for the scheduled interest payment on September 1, 2020. Prepare the journal entry for the scheduled interest payment on September 1, 2020. Using 1. a financial calculator, or 2. Excel function PV, calculate the issue price of the bonds and prepare the entry for the issuance of the bonds. (Hint: Use the account interest Payable in your entry
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