Complete the sheet for bonds

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Reference no: EM132475026

On January 1, 2019, Lowre Communications issued $100,000 of 6%, 20-year bonds at $89,322 when the FMV was 7%. Interest is payable semiannually each June 30th and December 31st.

Required:

Question 1: Complete the Sheet for Bonds assuming the following.

Point 1: The bonds were issued at face value.

Point 2: The bonds were issued when the market rate of interest was 7% and sold for $89,322.

Reference no: EM132475026

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