question archive George Washington UniversityACCY 2001 Bonds and Time Value of Money ABC
George Washington UniversityACCY 2001 Bonds and Time Value of Money ABC
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George Washington UniversityACCY 2001
Bonds and Time Value of Money
ABC. Inc. issued a 3 year, $10,000 bond with a 5% coupon rate on 1/1/2012. The market rate is 8%. Coupon and principal payments are made at the end of the fiscal year (December 31).
George Washington UniversityACCY 2001
Bonds and Time Value of Money
ABC. Inc. issued a 3 year, $10,000 bond with a 5% coupon rate on 1/1/2012. The market rate is 8%. Coupon and principal payments are made at the end of the fiscal year (December 31).
- Provide the journal entry for the issuance of this bond (on 1/1/2012). Round numbers to the nearest dollar.
- Provide the amortization schedule for the bond. Round numbers to the nearest dollar. You may modify the table or create a new one as long as you answer all requirements.
- Provide the adjusting journal entry related to this bond, to be recorded on 12/31/2012.
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