Business, 20.06.2021 08:00 trentonbaldwin
On January 1, Renewable Energy issues bonds that have a $30,000 par value, mature in six years, and pay 14% interest semiannually on June 30 and December 31.
1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 103½.
2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par?
Answers: 3
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On January 1, Renewable Energy issues bonds that have a $30,000 par value, mature in six years, and...
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