Business, 27.09.2019 01:10 shyshy1791

Park corporation is planning to issue bonds with a face value of $2,000,000 and a coupon rate of 10 percent. the bonds mature in 10 years and pay interest semiannually every june 30 and december 31. all of the bonds were sold on january 1 of this year. park uses the effective-interest amortization method and also uses a premium account. assume an annual market rate of interest of 8.5 percent. (fv of $1, pv of $1, fva of $1, and pva of $1) (use the appropriate factor(s) from the tables provided.) required: 1. prepare the journal entry to record the issuance of the bonds

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Park corporation is planning to issue bonds with a face value of $2,000,000 and a coupon rate of 10...