Coney Island Entertainment issues $1,200,000 of 6% bonds, due in 10 years, with interest payable semiannually...

Coney Island Entertainment issues $1,200,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1

Issued price?

Date	Cash Paid	Interest Expense	Increase in Carrying Value	Carrying Value
01/01/18
06/30/18	$36,000
12/31/18	36,000

3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

Issued price?

Date	Cash Paid	Interest Expense	Decrease in Carrying Value	Carrying Value
01/01/18
06/30/18
12/31/18

Solutions

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ekkarill92 answered 1 year ago

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