Homework Answers
| Gonzalez Company | |||
| a | Investment in Bonds | 202200 | |
| Cash | 202200 | ||
| b | Cash ( 202200 * 2%) | 4044 | |
| Interest revenue | 4044 | ||
| c | Cash ( 54600 * 98%) | 53508 | |
| Loss on sale of bonds | 1092 | ||
| Investment in Bonds | 54600 | ||
| d | Interest receivable | 984 | |
| Interest revenue | 984 | ||
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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $202,200 of Walker...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $163,200 of Walker...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $163,200 of Walker Co., 7% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $43,800 of the bonds for 96. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $51,600 of the bonds for 95. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investment in Bonds, Interest, and sale of Bonds Gonzalez Company acquired $200,000 of Walker...
Entries for Investment in Bonds, Interest, and sale of Bonds Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97. Journalize entries to record the following in Year 1: For a compound transaction. If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
1 Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $192,600 of...
1 Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $192,600 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $48,600 of the bonds for 96. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the...
Gonzalez Company acquired $147,600 of Walker Co., 5% bonds on May 1 at their face amount....
Gonzalez Company acquired $147,600 of Walker Co., 5% bonds on
May 1 at their face amount. Interest is paid semiannually on May 1
and November 1. On November 1, Gonzalez Company sold $46,800 of the
bonds for 96.
Journalize entries to record the following in Year 1:
For a compound transaction, if an amount box does not require an
entry, leave it blank.
a. The initial acquisition of the bonds on May 1. May 1 b. The semiannual interest received...
Gonzalez Company acquired $186,600 of Walker Co., 8% bonds on May 1 at their face amount....
Gonzalez Company acquired $186,600 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1, On November 1, Gonzalez Company sold $42,600 of the bonds for 98. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 May 1 b. The semiannual interest received...
Entries for The balance sheet caption used to report temporary or long-term investments in stocks or...
Entries for The balance sheet caption used to report temporary or long-term investments in stocks or bonds held as either trading, available-for-sale, held-to-maturity, or equity method securities.Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $201,600 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $55,800 of the bonds for 98. Journalize entries to record the following in Year...
Instructions Chart of Accounts Journal Instructions Parilo Company acquired $204,000 of Makofske Co., 7% bonds on...
Instructions Chart of Accounts Journal Instructions Parilo Company acquired $204,000 of Makofske Co., 7% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 20Y5, Parilo sold $57,600 of the bonds for 97. Journalize entries to record the following (refer to the Chart of Accounts for exact wording of account titles): The initial acquisition of the bonds on May 1. a. b. The semiannual interest recelived on November...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $228,400 Jerris Corp.,...
Entries for Investments in Bonds, Interest, and Sale of
Bonds
Kalyagin Investments acquired $228,400 Jerris Corp., 9% bonds at
their face amount on October 1, 20Y2. The bonds pay interest on
October 1 and April 1. On April 1, 20Y3, Kalyagin sold $120,000 of
Jerris bonds at 102.
Journalize the entries to record the following:
Do not round interim calculations. Round final answers to
nearest dollar. For a compound transaction, if an amount box does
not require an entry, leave...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $226,400 Jerris Corp.,...
Entries for Investments in Bonds, Interest, and Sale of Bonds Kalyagin Investments acquired $226,400 Jerris Corp., 8% bonds at their face amount on October 1, 20Y2. The bonds pay interest on October 1 and April 1. On April 1, 20Y3, Kalyagin sold $112,400 of Jerris bonds at 101. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave...
Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $162,600 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $51,600 of the bonds for 95. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Entries for Investment in Bonds, Interest, and sale of Bonds Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97. Journalize entries to record the following in Year 1: For a compound transaction. If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds...
Gonzalez Company acquired $147,600 of Walker Co., 5% bonds on
May 1 at their face amount. Interest is paid semiannually on May 1
and November 1. On November 1, Gonzalez Company sold $46,800 of the
bonds for 96.
Journalize entries to record the following in Year 1:
For a compound transaction, if an amount box does not require an
entry, leave it blank.
a. The initial acquisition of the bonds on May 1. May 1 b. The semiannual interest received...
Gonzalez Company acquired $186,600 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1, On November 1, Gonzalez Company sold $42,600 of the bonds for 98. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 May 1 b. The semiannual interest received...
Instructions Chart of Accounts Journal Instructions Parilo Company acquired $204,000 of Makofske Co., 7% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 20Y5, Parilo sold $57,600 of the bonds for 97. Journalize entries to record the following (refer to the Chart of Accounts for exact wording of account titles): The initial acquisition of the bonds on May 1. a. b. The semiannual interest recelived on November...
Entries for Investments in Bonds, Interest, and Sale of
Bonds
Kalyagin Investments acquired $228,400 Jerris Corp., 9% bonds at
their face amount on October 1, 20Y2. The bonds pay interest on
October 1 and April 1. On April 1, 20Y3, Kalyagin sold $120,000 of
Jerris bonds at 102.
Journalize the entries to record the following:
Do not round interim calculations. Round final answers to
nearest dollar. For a compound transaction, if an amount box does
not require an entry, leave...
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