Business, 31.10.2019 06:31 sunshine52577oyeor9

On january 1, 2021, twister enterprises, a manufacturer of a variety of transportable spin rides, issues $580,000 of 8% bonds, due in 10 years, with interest payable semiannually on june 30 and december 31 each year.

required:
1. if the market interest rate is 8%, the bonds will issue at $580,000. record the bond issue on january 1, 2021, and the first two semiannual interest payments on june 30, 2021, and december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)

2. if the market interest rate is 9%, the bonds will issue at $542,277. record the bond issue on january 1, 2021, and the first two semiannual interest payments on june 30, 2021, and december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. round your answers to the nearest dollar amount.)

3. if the market interest rate is 7%, the bonds will issue at $621,216. record the bond issue on january 1, 2021, and the first two semiannual interest payments on june 30, 2021, and december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. round your answers to the nearest dollar amount.)

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On january 1, 2021, twister enterprises, a manufacturer of a variety of transportable spin rides, is...