Bonds payable are dated January 1,2016 , and are issued on that date. The face value of the bonds is $200,000, and the face rate of interest is 8%. The bonds pay interest semiannually. The bonds will mature in five years. The market rate of interest at the time of issuance was 6%. Use the appropriate present or future value table: FV of $1,PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. What is the bond issuance price? Round your answers to two decimal places. X 2. Using the effective interest amortization method, what amount should be amortized for the first six-month period? What amount of interest expense should be reported for the first six-month period? Round your answers to two decimal places. Amount amortized Amount of interest expense $$xx 3. Using the effective interest amortization method, what amount should be amortized for the period from July 1 to December 31 , 2016 ? What amount of interest expense should be reported for the period from July 1 to December 31, 2016? Round your answers to two decimal places. Amount amortized Amount of interest expense $$XX
Other questions asked by students
The line k goes through the point Q(-3,5) and is perpendicular to the line g: x...
6 Translate the mRNA strand into the corresponding amino acids using the chart provided 20...
Click on the center of the graph of the given function f x 0 5...
6 At the end of a season Chris records a 100 meter sprint time of...
Agree upon procedures engagements for asset based lending are Performed by...
On December 10, 2017, ABC Company performed services on credit for $25,000. In 2018, this...
3800 remaining character, Tell us how you believe a Rutgers education will help you achieve...
2 of 12 complet HW Score 51 XP7.2 (similar to) A firm has 1 milion...