Business, 23.04.2021 16:00 jiboyajordan2069
Park Corporation is planning to issue bonds with a face value of $780,000 and a coupon rate of 7.5 percent. The bonds mature in 4 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (Use appropiate factors from the tables FV, PV, FVA, and PVA of $1)
1. Prepare the journal entry to record the issuance of the bonds.
2. Prepare the journal entry to record the interest payment on June 30 of this year.
3. What bond payable amount will Park report on its June 30 balance sheet?
Answers: 2
Business, 23.06.2019 00:30
What level of measurement (nominal, ordinal, interval, ratio) is appropriate for the movie rating system that you see in tv guide?
Answers: 2
Business, 23.06.2019 10:00
The american dream includes home ownership. but in the last few years, it's gotten harder and harder to own a home. do you think home ownership is important to most americans today? why or why not?
Answers: 1
Park Corporation is planning to issue bonds with a face value of $780,000 and a coupon rate of 7.5 p...
Mathematics, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
English, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Chemistry, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Social Studies, 04.03.2021 22:10
History, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Biology, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Mathematics, 04.03.2021 22:10
Computers and Technology, 04.03.2021 22:10