Homework Answers
| PE 14-3B) Journal entry of issuance of bond: | |||||
| Date | Accounts Title | Debit $ | Credit $ | ||
| 1st day, Fiscal Year | Cash | 2889599 | |||
| Discount on Bond Issue | 110401 | (3000000-2889599) | |||
| Bond Payable | 3000000 | ||||
| (being issue of bond on discount) | |||||
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pays semiannual interest of $50,000 ($2,500,000x 496x Journalize the bond issuance. ), receiving cash of $2,390,599....
do these please can you also use formulas SHOW ME HOW 10-year bond that pays semiannual...
do these please can you also use formulas
SHOW ME HOW 10-year bond that pays semiannual interest of $150,000 ($5.000.000 070 92 year), Tec ing cash of $5,000,000. Journalize the entries to record first interest payment on June 30, and (C) the payment o ournalize the entries to record (A) the issuance of the bonds, e , and (C) the payment of the principal on the maturity year), receiv- onds, (B) the e maturity date Obj. 2 BE 11-2 Issuing...
r 14 Long-Term Liabilities: Bonds and Notes ercises xercises OBJ. 1 p.679 PE 14-1A Alternative financing...
r 14 Long-Term Liabilities: Bonds and Notes ercises xercises OBJ. 1 p.679 PE 14-1A Alternative financing plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 issue 5% bonds (at face value) Issue preferred $1 stock, $20 par Issue common stock, $25 par $6,000,000 $2,000,000 6,000,000 4,000,000 6,000,000 Income tax is estimated at 40% of income Determine the earnings per share of common stock, assuming that income before bond interest and income tax is $800,000. 79...
Journalize the bond issuance Issuing Bonds at a Premium On the first day of the fiscal...
Journalize the bond issuance
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays semiannual interest of $175,000 ($5,000,000 x 7% X 1/2), receiving cash of $5,400,000. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 135,000 Interest Expense X Premium on Bonds Payable Cash X 40,000 X 175,000
Chapter 14 Long-Term Liabilities: Bonds and Notes 705 0BJ.3 p685 PE 14-4B Discount amortization Using the...
Chapter 14 Long-Term Liabilities: Bonds and Notes 705 0BJ.3 p685 PE 14-4B Discount amortization Using the bond from Practice Exercise 14-3B, journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. OB) EE 14-5 p 685 PE 14-5B Issuing bonds at a premium OBJ. 3 how Me ow On the first day of the fiscal year, a company issues an $8,000,000, 11%, five-year bond that pays semiannual interest of $440,000 ($8,000,000 11%...
answer please contract rate wing data relate to a $2,000,000, 8% bond a selected semiannual interest...
answer please
contract rate wing data relate to a $2,000,000, 8% bond a selected semiannual interest period: $2,125,000 g amount at beginning of period during period nse allocable to the period 160,000 148,750 ercises BE 11-1 Issuing bonds at face amount Obj.2 On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $5,000,000, 6% 10-year bond that pays semiannual interest of $150,000 ($5,000,000 X 6% X ½ year ) , recein- ing cash of $5,000,000....
Premium Amortization on the first day of the fiscal year, a company issues a $6,000,000, 796, 6-year bond that pays semiannual interest of $210,000 ($6,000,000 x 796 × Y), receiving cash of $6,951,78...
Premium Amortization on the first day of the fiscal year, a company issues a $6,000,000, 796, 6-year bond that pays semiannual interest of $210,000 ($6,000,000 x 796 × Y), receiving cash of $6,951,781. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Expense Interest Payable
Premium Amortization on the...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues...
Issuing Bonds at a Discount 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 × 12% × ½), receiving cash of $2,908,670. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
= 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 p...
= 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.
show how you got: number of semiannual period in 7 years Issuing Bonds at a Premium...
show how you got: number of
semiannual period in 7 years
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,800,000, 9%, 7-year bond that pays semiannual interest of $171,000 ($3,800,000 x 9% 12), receiving cash of $4,214,979. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 4,214,979 Discount on Bonds Payable Bonds Payable
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues...
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),...
do these please can you also use formulas
SHOW ME HOW 10-year bond that pays semiannual interest of $150,000 ($5.000.000 070 92 year), Tec ing cash of $5,000,000. Journalize the entries to record first interest payment on June 30, and (C) the payment o ournalize the entries to record (A) the issuance of the bonds, e , and (C) the payment of the principal on the maturity year), receiv- onds, (B) the e maturity date Obj. 2 BE 11-2 Issuing...
r 14 Long-Term Liabilities: Bonds and Notes ercises xercises OBJ. 1 p.679 PE 14-1A Alternative financing plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 issue 5% bonds (at face value) Issue preferred $1 stock, $20 par Issue common stock, $25 par $6,000,000 $2,000,000 6,000,000 4,000,000 6,000,000 Income tax is estimated at 40% of income Determine the earnings per share of common stock, assuming that income before bond interest and income tax is $800,000. 79...
Journalize the bond issuance
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays semiannual interest of $175,000 ($5,000,000 x 7% X 1/2), receiving cash of $5,400,000. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 135,000 Interest Expense X Premium on Bonds Payable Cash X 40,000 X 175,000
Chapter 14 Long-Term Liabilities: Bonds and Notes 705 0BJ.3 p685 PE 14-4B Discount amortization Using the bond from Practice Exercise 14-3B, journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. OB) EE 14-5 p 685 PE 14-5B Issuing bonds at a premium OBJ. 3 how Me ow On the first day of the fiscal year, a company issues an $8,000,000, 11%, five-year bond that pays semiannual interest of $440,000 ($8,000,000 11%...
answer please
contract rate wing data relate to a $2,000,000, 8% bond a selected semiannual interest period: $2,125,000 g amount at beginning of period during period nse allocable to the period 160,000 148,750 ercises BE 11-1 Issuing bonds at face amount Obj.2 On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $5,000,000, 6% 10-year bond that pays semiannual interest of $150,000 ($5,000,000 X 6% X ½ year ) , recein- ing cash of $5,000,000....
Premium Amortization on the first day of the fiscal year, a company issues a $6,000,000, 796, 6-year bond that pays semiannual interest of $210,000 ($6,000,000 x 796 × Y), receiving cash of $6,951,781. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Expense Interest Payable
Premium Amortization on the...
show how you got: number of
semiannual period in 7 years
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $3,800,000, 9%, 7-year bond that pays semiannual interest of $171,000 ($3,800,000 x 9% 12), receiving cash of $4,214,979. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 4,214,979 Discount on Bonds Payable Bonds Payable
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),...
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