Business, 11.06.2020 17:57 sethhdoty

Matt Winne, Inc. issued $ 1 comma 000 comma 000 of 9%, nine-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 6%, and the bonds pay interest semiannually. 1) How much cash did the company receive upon issuance of the bonds payable?
2) Prepare an amortization table for the bond using theeffective-interest method, through the first two interest payments. (Round to the nearest dollar.)
3) Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Explanations are not required.
4) Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2018
5) Journalize the payment of the second semiannual interest amount and amortization of the bond on December 31, 2018.

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Matt Winne, Inc. issued $ 1 comma 000 comma 000 of 9%, nine-year bonds payable on January 1, 2018. T...

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