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QS 14-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these...
QS 10-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these...
QS 10-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 11.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, annual market rate for these bonds is 9.00%, which implies a selling price of 114. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $440,000....
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 10.0%, 15-year bonds with a...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 10.0%, 15-year bonds with a par value of $420,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.0%, which implies a selling price of 115. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet < 1 > Record the issue of bonds with a par value of $420,000 at...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 116 1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for...
Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2017. Enviro Company issues 10%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia...
QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a...
QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $330,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1.
QS 13-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of...
QS 13-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1, OP Co. issues no-par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory, $165,000 of machinery, and acceptance of a $95,000 note payable....
Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2016. Garcia Company issues 9.00%, 15-year bonds with a par value of $310,000 and semiannu...
Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2016. Garcia Company issues 9.00%, 15-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.00%, which implies a selling price of 118 2/5. Record the issue of bonds with a par value of $310,000. Note: Enter debits before credits. Date General Journal Debit Credit Jan...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash. b. On April 1, OP Co. issues no-par value common stock for $70,000 cash. c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machiner acceptance of a $94,000 note payable. View...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of...
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 47,000 shares of $3 par value common stock for $311,000 cash. On April 1, OP Co. issues no-par value common stock for $79,000 cash. On April 6, MPG issues 2,900 shares of $20 par value common stock for $48,000 of inventory, $180,000 of machinery, and acceptance of a $98,000 note payable. Journal entry worksheet...
Garcia Company issues 10.5%, 15-year bonds with a par value of $430,000 and semiannual interest payments....
Garcia Company issues 10.5%, 15-year bonds with a par value of $430,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.5%, which implies a selling price of 114 1/2. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $430,000 at a selling price of 114 1/2. Note: Enter debits before...
QS 10-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 11.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, annual market rate for these bonds is 9.00%, which implies a selling price of 114. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $440,000....
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 10.0%, 15-year bonds with a par value of $420,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.0%, which implies a selling price of 115. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet < 1 > Record the issue of bonds with a par value of $420,000 at...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 116 1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $330,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1.
QS 13-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1, OP Co. issues no-par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory, $165,000 of machinery, and acceptance of a $95,000 note payable....
QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash. b. On April 1, OP Co. issues no-par value common stock for $70,000 cash. c. On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machiner acceptance of a $94,000 note payable. View...
Garcia Company issues 10.5%, 15-year bonds with a par value of $430,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.5%, which implies a selling price of 114 1/2. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $430,000 at a selling price of 114 1/2. Note: Enter debits before...
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