On January 1,2024, Reyes Recreational Products issued $150,000,12%, four-year bonds. Interest is paid semiannually on...
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On January Reyes Recreational Products issued $ fouryear bonds. Interest is paid semiannually on June and December The bonds were issued at $ to yield an annual return of Required: Prepare an amortization schedule that determines interest at the effective interest rate. Prepare an amortization schedule by the straightline method. Prepare the journal entries to record interest expense on June by each of the two approaches. Assuming the market rate is still what price would a second investor pay the first investor on June for $ of the bonds? Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and of $ 
On January Reyes Recreational Products issued $ fouryear bonds. Interest is paid semiannually on June and December The bonds were issued at $ to yield an annual return of
Required:
Prepare an amortization schedule that determines interest at the effective interest rate.
Prepare an amortization schedule by the straightline method.
Prepare the journal entries to record interest expense on June by each of the two approaches.
Assuming the market rate is still what price would a second investor pay the first investor on June for $ of the bonds?
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and of $
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