Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney...
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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 7% and the bonds issue at face amount. Required: 1a. Calculate the issue price of a bond. 1b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 2A Complete the first three rows of an amortization schedule. (Use appropriate factor(s) from the t interest rate factors. Round your answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 7% and the bonds issue at face amount. Required: 1a. Calculate the issue price of a bond. 1b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 2A Complete the first three rows of an amortization schedule. (Use appropriate factor(s) from the t interest rate factors. Round your answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value
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