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Record the bond issue on january and first two semi-annual

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Reference no: EM132570977

On January 1, 2021, Huskers Incorporated issues $100,000 of 6% bonds, due in ten years, with interest payable semi-annually on June 30 and December 31 each year.

Required:

Question 1. The market interest rate is 6%. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021.

Question 2. The market interest rate is 7%. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021.

Question 3. The market interest rate is 5%. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021.

Hint: Use the tables in your book to calculate the amount at which the bonds are issued.

Reference no: EM132570977

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