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Calculate the selling price of the bonds

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Reference no: EM131913774

Question - On January 1 of the current year, Feller Corporation issued $3,000,000 of 10% debenture bonds on a basis to yield 8%. Interest is payable semiannual on June 30 and December 31 and the bonds mature in 6 years. The effective-interest method is used.

(a) Calculate the Selling Price of the bonds?

(b) Prepare an Amortization Table.

(c) Prepare bond issuance entry.

(d) Prepare the first two years interest.

Reference no: EM131913774

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