Maurice Tutor

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Category > Management Posted 05 May 2018 My Price 5.00

Twister Enterprises

On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $580,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

2. If the market interest rate is 9%, the bonds will issue at $542,277. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

3. If the market interest rate is 7%, the bonds will issue at $621,216. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Maurice Tutor
(5)
Status NEW Posted 05 May 2018 06:05 PM My Price 5.00

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