2nd Application of PV and FV Concepts: Installment Purchases
Rose Company purchased a delivery truck at a price of $35,000. Applicable sales taxes were 8%. Rose
paid $1,500 in cash and the rest was financed at 6% compounded monthly
Data for the next 2 questions: Lora Company issued $200,000, 8-year, 7% bonds with interest to be paid semiannually.
Q1. Assume market interest rate on the bond issue date was 6%. Provide journal entry on the bond issue dat
ACCT 3351-Self-Evaluation Assignment 4
Cash Flow Statement
A The Key is stated on the 2nd Tab of the attached Excel file and 3rd tab contains detail solution to selected problems.
If you want your answers to the objective questions to be graded by Excel,