Da issued 4000000 in 8 10 yr bond on feb 12010 at 115

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Reference no: EM13579636

Dna issued $4,000,000 in 8% 10 yr bond on feb. 1,2010, at 115. Semiannual interest payment date are january 31 and july31. use staright line method and ignoring year-end accruals.

1. With regard to the bond issue on Februay1,2010:

a) how much cash is received?

b) how much is bond payable ?

c) what is the deifference between a&b called and how much is it?

2. With regard to the bond interest payment on july 31,2010

a) How much cash is paid in interest?

b) How much is the amortization?

c) How much is the interest expense?

3. With regard to the bond interest payment on Januray 31,2011

a) how much cash is paid in interest?

b) how much is the amortization ?

c) how much is interest expense?

Reference no: EM13579636

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