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Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised...
Appling Enterprises Issued 10% bonds with a face amount of $420,000 on January 1, 2018. The...
Appling Enterprises Issued 10% bonds with a face amount of $420,000 on January 1, 2018. The bonds sold for $386,303 and mature in 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their falr value. The fair values of the bonds at the end of each quarter...
Assignments Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2018....
Assignments Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2018. The bonds sold for $331364 and mature in 2037 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each...
Appling Enterprises issued 9% bonds with a face amount of $430,000 on January 1, 2021. The...
Appling Enterprises issued 9% bonds with a face amount of $430,000 on January 1, 2021. The bonds sold for $393,108 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Appling Enterprises issued 10% bonds with a face amount of $530,000 on January 1, 2021. The bonds sold for $487,478 and...
Appling Enterprises issued 10% bonds with a face amount of
$530,000 on January 1, 2021. The bonds sold for $487,478 and mature
in 2040 (20 years). For bonds of similar risk and maturity the
market yield was 11%. Interest is paid semiannually on June 30 and
December 31. Appling determines interest expense at the effective
rate. Appling elected the option to report these bonds at their
fair value. The fair values of the bonds at the end of each quarter...
Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2021. The...
Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2021. The bonds sold for $331,364 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Appling Enterprises issued 9% bonds with a face amount of $510,000 on January 1, 2018. The bonds ...
Appling Enterprises issued 9% bonds with a face amount of $510,000 on January 1, 2018. The bonds sold for $466,244 and mature in 2037 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised...
Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised its call privilege and retired the bonds for $790,000. The corporation uses the straight-line method to determine interest. Required: Prepare the journal entry to record the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the call of the bonds. Note: Enter debits before...
Appling Enterprises issued 9% bonds with a face amount of $580,000 on January 1, 2021. The...
Appling Enterprises issued 9% bonds with a face amount of $580,000 on January 1, 2021. The bonds sold for $530,239 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Three years ago American Insulation Corporation issued 10 percent, $880,000, 10-year bonds for $810,000. American Insulation...
Three years ago American Insulation Corporation issued 10 percent, $880,000, 10-year bonds for $810,000. American Insulation exercised its call privilege and retired the bonds for $870,000. The corporation uses the straight-line method to determine interest. Required: Prepare the journal entry to record the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
10. The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The...
10. The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornament's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017.. Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $530,000 at face value. Sep 1 Acquired $1,290,000 of American Instruments' 10% bonds at face value Sep 30...
Appling Enterprises Issued 10% bonds with a face amount of $420,000 on January 1, 2018. The bonds sold for $386,303 and mature in 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their falr value. The fair values of the bonds at the end of each quarter...
Assignments Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2018. The bonds sold for $331364 and mature in 2037 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each...
Appling Enterprises issued 9% bonds with a face amount of $430,000 on January 1, 2021. The bonds sold for $393,108 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Appling Enterprises issued 10% bonds with a face amount of
$530,000 on January 1, 2021. The bonds sold for $487,478 and mature
in 2040 (20 years). For bonds of similar risk and maturity the
market yield was 11%. Interest is paid semiannually on June 30 and
December 31. Appling determines interest expense at the effective
rate. Appling elected the option to report these bonds at their
fair value. The fair values of the bonds at the end of each quarter...
Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2021. The bonds sold for $331,364 and mature in 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter...
Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised its call privilege and retired the bonds for $790,000. The corporation uses the straight-line method to determine interest. Required: Prepare the journal entry to record the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the call of the bonds. Note: Enter debits before...
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