Date | Cash paid | Interest expense | Change in carrying value | Carrying value |
1/1/21 | $349,051 | |||
6/30/21 | $15,200 ($380,000*4%) | $15,707 ($349,051*4.5%) | $507 ($15,707-$15,200) | $349,558 ($349,051+$507) |
12/31/21 | $15,200 ($380,000*4%) | $15,730 ($349,558*4.5%) | $530 ($15,730-$15,200) | $350,088 ($349,558+$530) |
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $450,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $419,423. Еxercise 9-8A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.. Required information Exercise 9-8A Record bonds issued at a discount and related...
Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310.831. Required information Exercise 9-9A Record bonds issued at a premium and related...
Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $394,979. Exercise 9-8B Part 1 Required: 1. Complete the first three rows...
Required information Exercise 9-11A Record bonds issued at a discount and related semiannual interest (LO9-6) The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $414.920. Exercise 9-11A Part 1 Required: 1. Complete the first three rows of...
Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $349,428. Exercise 9-9B Part 2 2. Record the bond issue on January...
Exercise 9-10A Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2021, White Water issues $490,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 5%, the bonds will issue at $490,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31,...
Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 6% and the bonds issued at $644,632. Exercise 9-17A Part 1 Required: 1. Using an amortization schedule, show that the bonds have...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $410,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $450,576. Required: 1. Complete the first three rows of an amortization table. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $429,678. Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Date Cash Paid...