What is the answer, and how do you get it?
What is the answer, and how do you get it? A corporation issues $273000, 10%, 5-year...
A corporation issues $399000, 8%, 5-year bonds on January 1, 2020, for $415800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized in December 31, 2020's adjusting entry is $35280 O $3360 $28560. $31920.
ment CALCIATO FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 152 A corporation issues $228000, 10%, 5-year bonds on January 1, 2020, for $218400. Interest amount of bond interest expense to be recognized in December 31, 2020 adjusting entry is paid annually on January 1. If the corporation uses the straight line method of amortization of bond discount, the O $24720 O $22800. Os20350 $1920 Question Attempts of 1 used
Multiple choice Question 155 A corporation issues $336000, 5 year bonds on January 1, 2020, for $350100. Interest is paid annually on January 1. amount of bond interest expense to be recognised in December 31, 2020's adjusting entry is the corporation uses the straight-ine method of amortization of bond premium, the O $29700 $24060 52520 526830 Question Aloft und E A SE
Sunland Company issues $5,000,000, 10-year, 10% bonds at 96, with interest payable annually on January 1. The straight-line method is used to amortize bond discount. A) Prepare the journal entry to record the sale of these bonds on January 1, 2020. B) Prepare the adjusting journal entry to record interest expense and bond discount amortization on December 31, 2020.
5. Lucio Corporation issues $50.000, 10%, 5-year bonds on January 1, for $52,100. Interest is paid semiannually on January 1 and July 1. If Lucio uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is?
On January 1, 2020, NoDice Corporation issues $540,000, 5-year, 12% bonds for $529,000. Interest is paid semiannually on January 1 and July 1. NoDice Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of bond interest expense on July 1, 2020 is: $31,300 $33,500 $32,400 $65,900
A corporation issued $580000, 10%, 5-year bonds on January 1, 2020 for $626400, which reflects an effective-interest rate of 7%. Interest is paid annually on January 1. If the corporation uses the effective-interest method of amortization of bond premium, the amount of bond interest expense to be recognized on December 31, 2020, is $40600. $43848. $58000. $62640.
Franklin Corporation issues $89,000, 10%, five-year bonds on January 1 for $93,000. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is Oa. $3,960 Ob. $3,560 Oc. $7,120 Od. $4,050
Franklin Corporation issues $99,000, 10%, five-year bonds on January 1 for $103,500. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is a. $4,410 b. $3,960 c. $7,920 d. $4,500
Golden Inc. issues $4,000,000, 5-year, 10% bonds at 102, with interest payable annually on January 1 . The straight-line method is used to amortize bond premium Your answer is partially correct. Try again Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. D not indent manually.) Date Account Titles and Explanation Jan. 1 Cash Debit Credit 38000000 Discount on Bonds Payable 2000000 Bonds Payable...