a. Show Excel inputs to confirm the bond issue price. Note: Round your answer...

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Accounting

a. Show Excel inputs to confirm the bond issue price.
Note: Round your answer to two decimal places.
rate = Answer
0.05
nper = Answer
18
pmt = Answer
33600
FV = Answer
840000
Answer = Answer
247737.89
b. Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30 of the current year, and (3) semiannual interest payment and discount amortization on December 31 of the current year.
Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction.
Note: Indicate a decrease in an account category by including a negative sign with the amount.
Note: Round your answers to the nearest whole dollar.
Balance Sheet Income Statement
Transaction Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues Expenses = Net Income
1. Answer
741807
Answer
0
= Answer
840000
Answer
0
Answer
0
Answer
0
Answer
0
= Answer
0
Answer
Cash
Answer
N/A
Answer
Accounts payable
Answer
N/A
Answer
N/A
Answer
N/A
Answer
N/A
2. Answer
-33600
Answer
-247738
= Answer
0
Answer
0
Answer
0
Answer
33600
Answer
247738
= Answer
-281338
Answer
Cash
Answer
Gain on bond retirement
Answer
N/A
Answer
N/A
Answer
N/A
Answer
Interest revenue
Answer
Loss on bond retirement
3. Answer
Answer
= Answer
Answer
Answer
Answer
Answer
= Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer

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