Please assist with both parts a and b. Thanks! Bond issue...
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Please assist with both parts a and b.
Thanks!
Bond issue price and amortization On January 1, 2020, XYZ Co. issued 8-year bonds with a face value of \$1,500,000 and a stated (nominal) interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 4%. : Instructions (a) Calculate the selling price of the bonds payable. HINT: You will need to look up the appropriate discount values in the present value tables (b) Prepare the interest amortization table for 2020 only, assuming that amortization is recorded on interest payment dates
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