Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds:
|
|||||||||||||||||||||
|
January 1, 2018—Financial Statements: | Case A (issued at 100) | Case B (at 96) | Case C (at 104) | |
a. | Bonds payable | $ 3,60,000 | $ 3,60,000 | $ 3,60,000 |
b. | Unamortized premium (discount) | $ - | $ -14,400 | $ 14,400 |
c. | Carrying value | $ 3,60,000 | $ 3,45,600 | $ 3,74,400 |
Discount = $360000 / $100 x $4 = $14400
Premium = $360000 / $100 x $4 = $14400
Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $120,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $260,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $200,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $150,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $180,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $150,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds. Date of bonds: January 1, 2018 Maturity amount and date: $410,eee due in 12 years (December 31, 2027) Interest: 9.5 percent per year payable each December 31 Date issued: January 1, 2018 Required: For each of the three independent cases that follow, provide the following amounts to be reported on the January 1, 2018, financial statements Immediately after the bonds were issued: (Deductions should be...
Sikes Corporation, whose annual accounting perlod ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $250,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5...
Sikes Corporation, whose annual accounting period ends on December 31, Issued the following bonds: noints Date of bondst January 1, 2018 Maturity amount and date: $220.000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date Issued: January 1, 2018 eBook Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See...
Chapter 10 Homework 0 Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds 9 Date of bonds : January 1 2018 Maturity amount and date: $130,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1. 2018 10 eBook Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after...