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nnectmeducation.com/low.connect hom Her 8 and 96 Help Save Smit Discount-Mart issues $16 milion in bonds...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
Discount-Mart issues $11 million in bonds on January 1, 2021. The bonds have a seven-year term...
Discount-Mart issues $11 million in bonds on January 1, 2021. The bonds have a seven-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 9,911,149 06/30/2021 $ 440,000 $ 495,557 $ 55,557 9,966,706 12/31/2021 440,000 498,335 58,335 10,025,041 06/30/2022 440,000 501,252 61,252 10,086,293 12/31/2022 440,000 504,315 64,315 10,150,608 What is the stated annual...
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1,...
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1, 2021. The bonds have a seven year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $720,000 7 20. 720,000 720,000 $766,538 269.796 773,281 777,011 $46,538 49,796 53,281 57,011 Carrying Value $19,950,544 10,997,082 11,846,878 11, 109,...
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term...
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Increase in Carrying Value Date e1/01/2021 Cash Paid Expense Carrying Value $15,935,414 15,991,539 16,051,031 16,114,093 16,180,939 06/30/2021 $900,000 900,000 gee, e00 $956,125 959,492 963,062 966, 846 $56,125 59,492 63,062 66,846 12/31/2021 06/30/2022 12/31/2022 900, 0০০ Whet is the stated annual rate...
Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return...
Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return Market Rate of Return Bond 1 7% 5% Bond 2 8% 8% Bond 3 12% 14% Bond 4 9% 11% Bond 3. Bond 4. Bonds 3 and 4 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in value Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021...
On January 1, 2021, Splash City issues $370,000 of 6% bonds, due in 20 years, with...
On January 1, 2021, Splash City issues $370,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 7% and the bonds issued at $330,493. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $332,463 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying...
DUH WU Disc X2QCQC G Dis 10 Tony Hawk's Adventure (THA) issued calable bonds on January...
DUH WU Disc X2QCQC G Dis 10 Tony Hawk's Adventure (THA) issued calable bonds on January 1, 202L THA's accountant has projected the following amortization schedule from iss maturity: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $24,665 $22,200 22,200 22,200 22,200 22,200 22,200 24,838 25,023 25, 220 25,432 25,658 $2,465 2,638 2,823 3,020 3,232 3,458 Carrying Value $352,364 354,829 357,467 360,290 363,310 366,542 370,000 THA issued the bonds for THA issued...
Help me fill in the blanks. Thanks! Tano Company issues bonds with a par value of...
Help me fill in the blanks. Thanks!
Tano Company issues bonds with a par value of $82,000 on January 1, 2019. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $79,849. 1. What is the amount of the discount on these bonds at issuance? 2. How much total...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $810,000. The bonds'...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $810,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $851,101. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $730,000. The bonds’...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $730,000. The bonds’ annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $767,042. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
Exam Help Save & Exit Submit Discount Mart issues $12 million in bonds on January 1, 2021. The bonds have a seven year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $720,000 7 20. 720,000 720,000 $766,538 269.796 773,281 777,011 $46,538 49,796 53,281 57,011 Carrying Value $19,950,544 10,997,082 11,846,878 11, 109,...
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Increase in Carrying Value Date e1/01/2021 Cash Paid Expense Carrying Value $15,935,414 15,991,539 16,051,031 16,114,093 16,180,939 06/30/2021 $900,000 900,000 gee, e00 $956,125 959,492 963,062 966, 846 $56,125 59,492 63,062 66,846 12/31/2021 06/30/2022 12/31/2022 900, 0০০ Whet is the stated annual rate...
Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return Market Rate of Return Bond 1 7% 5% Bond 2 8% 8% Bond 3 12% 14% Bond 4 9% 11% Bond 3. Bond 4. Bonds 3 and 4 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in value Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021...
DUH WU Disc X2QCQC G Dis 10 Tony Hawk's Adventure (THA) issued calable bonds on January 1, 202L THA's accountant has projected the following amortization schedule from iss maturity: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $24,665 $22,200 22,200 22,200 22,200 22,200 22,200 24,838 25,023 25, 220 25,432 25,658 $2,465 2,638 2,823 3,020 3,232 3,458 Carrying Value $352,364 354,829 357,467 360,290 363,310 366,542 370,000 THA issued the bonds for THA issued...
Help me fill in the blanks. Thanks!
Tano Company issues bonds with a par value of $82,000 on January 1, 2019. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $79,849. 1. What is the amount of the discount on these bonds at issuance? 2. How much total...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $810,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $851,101. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over...
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