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Saturn issues 6.5%, five-year bonds dated January...




Saturn issues 6.5%, five-year bonds dated January 1, 2011, with a $500,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $510,666. The annual market rate is 6% on the issue date. Required 1. Calculate the total bond interest expense over the bonds? life. 2. Prepare a straight-line amortization table like Exhibit 10.11 for the bonds? life. 3. Prepare the journal entries to record the first two interest payments. Check (2) 6/30/2013 carrying value, $505,331,only 10-4A,did you get it,i attached a file to you


Paper#6373 | Written in 18-Jul-2015

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