show how you got: number of
semiannual period in 7 years
Homework Answers
Semiannually means 6 months. In one year there are two semiannual period. So in 7 years there are 14 semiannual periods. For calculating semiannual periods, just multiply number of years with 2.
Premium on bonds payable = $4,214,979 - $3,800,000 = $414,979
| Account title and explanation | Debit | Credit |
| Cash | $4,214,979 | - |
| Bonds payable | - | $3,800,000 |
| Premium on bonds payable | - | $414,979 |
| (To record issue of bonds at premium) |
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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 9 years Discount Amortization On the first...
show how you got: number of
semiannual period in 9 years
Discount Amortization On the first day of the fiscal year, a company issues a $3,800,000, 12%, 9-year bond that pays semiannual interest of $228,000 $3,800,000 x 12% x 12), receiving cash of $3,601,785. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Payable
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Journalize the bond issuance Issuing Bonds at a Premium On the first day of the fiscal...
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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $2,300,000, 8%, 9-year bond that pays semiannual interest of $92,000 ($2,300,000 x 8% x W), receiving cash of $2,616,332 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 an $8,900,000, 12%, 9-year bond that pays semiannual interest of $534,000 ($8,900,000 x...
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show how you got: number of
semiannual period in 9 years
Discount Amortization On the first day of the fiscal year, a company issues a $3,800,000, 12%, 9-year bond that pays semiannual interest of $228,000 $3,800,000 x 12% x 12), receiving cash of $3,601,785. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Payable
help please!!
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,400,000, 7%, 6-year bond that pays semiannual interest of $84,000 $2,400,000 x 7% x V), receiving cash of $2,287,379 Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Interest Expense Interest Payable Premium on Bonds Payable Discount Amortization On the first day of the fiscal year, a company issues...
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