What is the ending balance in the bond payable, Accounting Basics

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What is the ending balance in the bond payable

Assume you are rational and you tun a business. Your interest rate is 6%
How much cash (in a dollar amount) would you want to recieve now in a fair exchange if you are required to pay $40 a year for 5 years and then and additional $1000 at the end of year 5
n= i= I/Yr= P/Yr= PV= FV= PMT=

Journal Entries

The very first entry:
The entry at the end of Year 1:
The entry at the end of Year 2:

FInal Journal Entries

Assume there is one final journal entry when the Bond Matures. Completely and correctly represent it:
What is the ending balance in the bond payable account after you make this entry?

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Accounting Basics: What is the ending balance in the bond payable

Reference No:- TGS0672769

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Recent Questions Asked Accounting Basics

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Accounting Basics: What is the ending balance in the bond payable

Reference No:- TGS0672769

Recent Questions Asked Accounting Basics

Q : The cash method of accounting for revenue and expenses

Q : Question regarding the holding period return

Q : The current budget plans for a september ending inventory

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Q : How much additional interest must be paid on september

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