E9-23(Static) Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash...
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Accounting
EStatic Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO
Imai Company issued a $ million bond that matures in five years. The bond has a percent coupon rate. When the bond was issued, the market interest rate was percent. The bond pays interest twice per year, on June and December Use Table C Table
Required:
Record the issuance of the bond on June Round time value factor to decimal places. Enter your answer in dollars not in millions. Round intermediate and final answers to the nearest whole dollar. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the issuance of bond on June th
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Answer & Explanation
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