Regarding the bond issued by DFC abovePrepare (in good form) the Semi Annual journal entry needed to be recorded by DFCfor the cash payment required.Upload your journal and calculations on your PDF.What is the TOTAL interest expense related to this bond over the entire term or lifeof the bond? BOND PRICING #1 for Debt Financing CompanyDebt Financing Company (DFC) issues a bond on January 1, 2021 with a face value of $2,000,000.The bond has a 15 year maturity date and requires SEMI ANNUAL interest payments. The bond'sstated interest rate is 3% and the current market interest rate is 4%.Hint: remember to set your expectationsPV tables will be needed. Do not round your PVIF, but round answers to whole dollars.Required:Prepare the journal entry (in proper form) at issuance of this bond for DFC. Include your journal forgrading on your PDF upload.Your multiple step calculations must also be shown ..To get a preliminary idea of how you did you may enter your calculated amount for cash received atissuance

Bond is borrowing security issued by the company to raise funds from the market by making an…

Prepare (in good form) the Semi Annual journal entry needed to be recorded by DFC for the cash payment required. Upload your journal and calculations on your PDF. What is the TOTAL interest expense related to this bond over the entire term or life of the bond?

Prepare (in good form) the Semi Annual journal entry needed to be recorded by DFC for the cash payment required. Upload your journal and calculations on your PDF. What is the TOTAL interest expense related to this bond over the entire term or life of the bond?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter11: Bond Pricing And Amortization (bonds)

Section: Chapter Questions

Problem 7R

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BOND PRICING #2 for Borrowing Money Inc Borrowing Money Inc (BMI) issues a bond on January 1, 2021 with a face value of $400,00O. The bond has an 7 year maturity date and requires SEMI ANNUAL interest payments. The bond's stated interest rate is 3% and the current market interest rate is 2%. Hint : remember to set your expectations PV tables will be needed. Do not round your PVIF, but you may round answers to whole dollars. Required : Prepare the journal entry (in proper form) at issuance of this bond for BMI. Include your journal for grading on your PDF upload. To get a preliminary idea of how you did you may enter your calculated amount for cash received at issuance Bond Pricing #2, cotinued Regarding the bond issued by BMI above Prepare (in good form) the Semi Annual journal entry needed to be recorded by BMI for the cash payment required. Upload your journal and calculations on your PDF. What is the ANNUAL interest expense related to this bond?
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