nation Calculate the issue price of a bond and prepare amortization sc nformation applies to the questions displayed below.] me issues $830,000 of 6% bonds, due in 15 years, with interest payable se ach year
nation Calculate the issue price of a bond and prepare amortization sc nformation applies to the questions displayed below.] me issues $830,000 of 6% bonds, due in 15 years, with interest payable se ach year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 9-7B Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-7)
[The following information applies to the questions displayed below.]
Christmas Anytime issues $830,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and
December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
Problem 9-7B Part 3
3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.)
Issue price
Date
01/01/2021
06/30/2021
12/31/2021
Cash Paid
Interest
Change in
Expense Carrying Value Carrying Value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90e7ca00-6ca4-4987-a02f-53e8330d02e7%2F243bc09b-3f76-49d7-82fe-3e1a931f5081%2Fgwlus8_processed.jpeg&w=3840&q=75)
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Required information
Problem 9-7B Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-7)
[The following information applies to the questions displayed below.]
Christmas Anytime issues $830,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and
December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
Problem 9-7B Part 3
3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.)
Issue price
Date
01/01/2021
06/30/2021
12/31/2021
Cash Paid
Interest
Change in
Expense Carrying Value Carrying Value
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