acc201 hw9

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part A 1 the interest is paid twice a year, so the bond is 4year,the period i $ 813,776.21 1/1/2015 cash $ 813,776.21 premium on bond payable bond payable 2 it sold ata premium because the market value is less than the sta 5% 3 date coupon payment 1/1/2015 6/30/2015 $ 37,500.00 12/31/2015 $ 37,500.00 6/30/2016 $ 37,500.00 12/31/2016 $ 37,500.00 6/30/2017 $ 37,500.00 12/31/2017 $ 37,500.00 6/30/2018 $ 37,500.00 12/31/2018 $ 37,500.00 4 1/1/2015 cash premium on bond payable bond payable 6/30/2016 interest expense premium on bond payable cash 12/31/2018 interest expense bond payable bond premium cash 5 6/30/2016 bonds payable premium of bonds payable carrying value part B 1 the face value of bound is 1000000, the interest is paid annually.s $ 926,283.63 2 this bond is sell at a discount since the market rate of interest is h 3 date coupon payment 1/1/2016 12/31/2016 $ 42,500.00 12/31/2017 $ 42,500.00 12/31/2018 $ 42,500.00 12/31/2019 $ 42,500.00 12/31/2020 $ 42,500.00 4 1/1/2016 cash bond payable discount of bonds payable
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12/31/2016 cash interest expense discount od bound payable 12/30/2020 cash interest expense discount of bond payable bound payable 5 12/31/2017 bound payable discount of bound payable carrying value
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is 8 times.the market rate of interest is 0.075/2 $ 63,776.21 $ 750,000.00
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