Business, 29.11.2021 01:00 adriana145
On January 1, Renewable Energy issues bonds that have a $56,000 par value, mature in six years, and pay 15% 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) 103Β½. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par?
Answers: 1
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On January 1, Renewable Energy issues bonds that have a $56,000 par value, mature in six years, and...
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