Alpha Corporation sold and issued to Beta Corporation $400,000 of 8% (cash payable semiannually on June 30 and December 31), three-year bonds. The bonds were dated and sold on January 1, 2020, at a...


I can't seem to figure out how to plug this into my HP 10bII+ calculator. I'm not sure if I'm getting this right. See photo.


Alpha Corporation sold and issued to Beta Corporation $400,000 of 8% (cash payable semiannually on June 30<br>and December 31), three-year bonds. The bonds were dated and sold on January 1, 2020, at a market rate of 10%.<br>The accounting period for Alpha Corporation ends on December 31. Bond issuance costs incurred were $3,000.<br>Required<br>a. Compute the price of the bonds, without taking into account bond issuance costs.<br>b. Prepare an amortization schedule for the life of the bonds (use the effective interest method and round to the<br>nearest dollar).<br>

Extracted text: Alpha Corporation sold and issued to Beta Corporation $400,000 of 8% (cash payable semiannually on June 30 and December 31), three-year bonds. The bonds were dated and sold on January 1, 2020, at a market rate of 10%. The accounting period for Alpha Corporation ends on December 31. Bond issuance costs incurred were $3,000. Required a. Compute the price of the bonds, without taking into account bond issuance costs. b. Prepare an amortization schedule for the life of the bonds (use the effective interest method and round to the nearest dollar).

Jun 03, 2022
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