On October 1, 2023, Dejour Energy Inc. issued a $695,000, 9.0%, seven-year bond. Interest is...
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On October 1, 2023, Dejour Energy Inc. issued a $695,000, 9.0%, seven-year bond. Interest is to be paid annually eas Dejour Energy Inc. has a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2.). Note: Use table values for PV appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 10.0% on the date of the bond issue. (Do m intermediate calculations. Round the final answers to the nearest whole dollar.) Issue price of the bond Period Ending b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations answers to the nearest whole dollar. Enter all the amounts as positive values.) Oct. 1/23 Oct. 1/24 Oct. 1/25 Oct. 1/26 Oct. 1/27 Oct 1/28 $ Cash Interest Paid 731,184 Period Interest Discount Expense Amortization Unamortized Discount Carrying Value
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