Business, 03.07.2020 21:01 makeithappen60
On January 1, Year 1, a company issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $349,428.
Required:
Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1.
Answers: 3
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On January 1, Year 1, a company issues $320,000 of 8% bonds, due in 15 years, with interest payable...
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