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rest; ries On February 1, 2021, Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of S80 million.
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Since interest is semiannual, to calculate Pv interest rate will be 10%/2=5% & n= UX 228 1 PV of principal (Pv o $1@ 5% inter12 schedule (effective interest Amortisation method) Effective int@5% Ant paid @ 4.5% Plug for discount Bond Casrging lue 306Trivestor Enties Issues Journal Entries Journal (w Issue Cash $77.445m Bonds discount $2.5884 m Bond payable. $80m Bond Inue

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