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calculate present value of the bond... and journal entry
Question:
Central College is about to issue $1 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually. Instructions Record the issue of these bonds if the market interest rate is (a) 5%, (b) 6%, and (c) 7%. I think I credit cash and debit Bonds payable. I don't know what amount to enter Can someone help please? Very confused, so badly |
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