Current Attempt in Progress On July 1, 2023, TTD Limited issued bonds with a face value of $940,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1. (a) Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Discount on bond $ eTextbook and Media List of Accounts Save for ast caved 2 minute

Excel Applications for Accounting Principles
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Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
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Current Attempt in Progress
On July 1, 2023, TTD Limited issued bonds with a face value of $940,000 due in 20 years, paying interest at a face rate of 10% on
January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company
used the effective interest method of amortization.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1.
(a)
Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round
factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.)
Discount on bond
$
eTextbook and Media
List of Accounts
Save for
ast caved 2 minute
Transcribed Image Text:Current Attempt in Progress On July 1, 2023, TTD Limited issued bonds with a face value of $940,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1. (a) Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Discount on bond $ eTextbook and Media List of Accounts Save for ast caved 2 minute
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