ANSWER:
Account title and explanation | debit | credit |
---|---|---|
Cash discount on bonds payable Bonds payable |
$884174 $65826 . |
. . $950000 |
On the first day of the fiscal year, a company issues a $950,000, 7%, 5-year bond...
On the first day of the fiscal year, a company issues a $8,900,000, 6%, 5-year bond that pays semiannual interest of $267,000 ($8,900,000 × 6% × ½), receiving cash of $9,699,451. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $8,800,000, 10%, 9-year bond that pays semiannual interest of $440,000 ($8,800,000 × 10% ×...
1)On January 1, the first day of the fiscal year, a company issues a $950,000, 10%, 10-year bond that pays semiannual interest of $47,500 ($950,000 × 10% × ½ year), receiving cash of $950,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date. 2)On the first day of the fiscal year, a company...
On the first day of the fiscal year, a company issues a $990,000, 9%, 5-year bond that pays semiannual interest of $44,550 ($990,000 x 9% × 1/2), receiving cash of $884,177. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.
On the first day of the fiscal year, a company issues a $910,000, 10%, five-year bond that pays semiannual interest of $45,500 ($910,000 x 10% x 1/2), receiving cash of $884,171. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.
1)On the first day of the fiscal year, a company issues a $7,600,000, 10%, 9-year bond that pays semiannual interest of $380,000 ($7,600,000 × 10% × ½), receiving cash of $6,410,700. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 2)On the first day of the fiscal year, a company issues a $7,700,000, 7%, 9-year bond that pays semiannual interest of $269,500 ($7,700,000 × 7% × ½), receiving cash of $7,212,620. Journalize the...
1)On the first day of the fiscal year, a company issues a $1,600,000, 8%, 5-year bond that pays semiannual interest of $64,000 ($1,600,000 × 8% × ½), receiving cash of $1,810,050. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 2)On the first day of the fiscal year, a company issues a $1,700,000, 10%, 10-year bond that pays semiannual interest of $85,000 ($1,700,000 × 10% × ½), receiving cash of $1,810,568. Journalize the...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,800,000, 8%, 6-year bond that pays semiannual interest of $112,000 ($2,800,000 x 8% x V), receiving cash of $3,230,825. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Premium Amortization On the first day of the fiscal year, a company issues a $3,000,000, 12%, 4-year bond that pays semiannual interest of $180,000 ($3,000,000 x 12% V),...
On the first day of the fiscal year, a company issues a $1,800,000, 10%, 7-year bond that pays semiannual interest of $90,000 ($1,800,000 × 10% × ½), receiving cash of $1,990,136. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,500,000, 6%, 8-year bond that pays semiannual interest of $165,000 ($5,500,000 x 6% %). receiving cash of $5,859,013. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Check My Work 2 more Check My Works remaining Premium Amortization On the first day of the fiscal year, a company issues a $5,500,000, 10%, 6-year bond that pays...
= Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $7,200,000, 7%, 9-year bond that pays semiannual interest of $252,000 ($7,200,000 × 7% × ½), receiving cash of $6,324,481. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.