Part A (7 pts) On November 1, 2020 Strand corp borrowed $240,000 from the bank...
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Part A (7 pts) On November 1, 2020 Strand corp borrowed $240,000 from the bank at 5% interest. Strand corp has a calendar (12/31~) year-end. It isa 90 day note REQUIRED: account for the transactions on 11/1/20, 12/31/20 and 1/31/21 Part B (7 pts) Strand Corp borrowed $100,000 on December 1,2020 by signing a $101,350, 3-month, zero interest bearing note. Strand is a calendar y/end. REQUIRED: account for the transactions on 12/1/20, 12/31/20 and 2/28/21 Part C (6 pts) Huge corp issued 20,000 bonds at Par on 1/1/20, coupon rate 3%, lOyr bonds REQUIRED: account for the transactions at (a) the Issuance Date, (b) 2020 Interest Payment Dates, (c) Maturity Date
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