Calculate the price of the bonds at issuance

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Reference no: EM133012724

Calculate the price of the bonds at issuance. Enter the value as a rounded positive number with no symbols.

What is the journal entry for the first interest payment date, 6/30/20X1?

Debit Cash for $30,000, Credit Premium on Bonds Investment for $17,774, and Credit Interest Revenue for $12,226

Debit Cash for $15,000, Debit Premium on Bonds Investment for $9,457, and Credit Interest Revenue for $24,457

Debit Cash for $15,000, Credit Premium on Bonds Investment for $2,771, and Credit Interest Revenue for $12,229

Debit Cash for $30,000, Credit Premium on Bonds Investment for $5,547, and Credit Interest Revenue for $24,453

Assuming OBX Corp offered you the following amount of money after your 6/30/20X1 interest payment, how much of a gain or loss would you recognize on the sale? Enter the amount as positive for a gain, negative for a loss, or zero for no gain or loss recognized. Do not use any symbols.

Reference no: EM133012724

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