Can anybody help me with my Accounting homework?

Question

Ok. We have to find the present value of a bond for $1,200,000 at a rate of 10%; the market rate is now 8%. I figured out the present value is $1,200,120, but im not sure how to record it. I have to do any entry for the issue date, and the adjusted date.

If you don't know how but you know a good website, that's fine with me. Thanks!

Answer 1

Putting this under Homework help or perhaps mathematics and science is more likely to get you the answer you are looking for.