Can someone help fill in the rest please? The Bradford Company issued 11% bonds,...
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Can someone help fill in the rest please?
The Bradford Company issued 11% bonds, dated January 1, with a face amount of $50 million on January 1, 2024 to Saxton-Bose Corporation. - The bonds mature on December 31, 2033 (10 years). - For bonds of similar risk and maturity, the market yield is 12% - Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1, 2024, interest revenue on June 30, 2024 and interest revenue on December 31, 2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use tables, Excel, or a financial calculator. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1 )
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