Citywide Company Issues Bonds With A Par Value Of 67 000 The Bonds Mature In Five Years And Pay 11 Annual Interest In 1 (226.71 KiB) Viewed 95 times
Citywide Company Issues Bonds With A Par Value Of 67 000 The Bonds Mature In Five Years And Pay 11 Annual Interest In 2 (182.33 KiB) Viewed 95 times
Citywide Company issues bonds with a par value of $67,000. The bonds mature in five years and pay 11% annual interest in semiannual payments. The annual market rate for the bonds is 10% (Table B.1. Table B.2. Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) Table Values are Based on: n= 1 = Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds $ 0 * Required: Required 2 >
Citywide Company issues bonds with a par value of $67,000. The bonds mature in five years and pay 11% annual interest in semiannual payments. The annual market rate for the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Required 1 Required 2. Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet < 1 Record the issuance of the bonds for cash. Note: Enter debits before credits. Debit Credit Transaction General Journal 1
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