on the first day of the fiscal year, a company issues a $500,000, 8%, 10 year...
on the first day of the fiscal year, a company issues a $500,000, 8%, 10 year bond with a market rate of 6%, receiving cash of $530,000. journalize the entry to record the issuance of the bonds.
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on the first day of the fiscal year, a company issues a
$500,000, 8%, 10 year...
1)On January 1, the first day of the fiscal year, a company issues a $950,000, 10%,...
1)On January 1, the first day of the fiscal year, a company issues a $950,000, 10%, 10-year bond that pays semiannual interest of $47,500 ($950,000 × 10% × ½ year), receiving cash of $950,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date. 2)On the first day of the fiscal year, a company...
On the first day of the fiscal year, a company issues a $6,100,000, 6%, 8-year bond...
On the first day of the fiscal year, a company issues a $6,100,000, 6%, 8-year bond that pays semiannual interest of $183,000 ($6,100,000 × 6% × ½), receiving cash of $5,389,209. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 5,389,209 Discount on Bonds Payable 710,791 Bonds Payable 6,100,000
On the first day of the fiscal year, a company issues a $8,900,000, 6%, 5-year bond...
On the first day of the fiscal year, a company issues a $8,900,000, 6%, 5-year bond that pays semiannual interest of $267,000 ($8,900,000 × 6% × ½), receiving cash of $9,699,451. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $8,800,000, 10%, 9-year bond that pays semiannual interest of $440,000 ($8,800,000 × 10% ×...
On the first day of the fiscal year, a company issues a $910,000, 10%, five-year bond...
On the first day of the fiscal year, a company issues a $910,000, 10%, five-year bond that pays semiannual interest of $45,500 ($910,000 x 10% x 1/2), receiving cash of $884,171. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,500,000, 6%, 8-year bond that pays semiannual interest of $165,000 ($5,500,000 x 6% %). receiving cash of $5,859,013. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Check My Work 2 more Check My Works remaining Premium Amortization On the first day of the fiscal year, a company issues a $5,500,000, 10%, 6-year bond that pays...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues an $5,800,000, 8%, 9-year bond that pays semiannual interest of $232,000 ($5,800,000 × 8% × ½), receiving cash of $6,182,502. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Bonds Payable On the first day of the fiscal year, a company issues a $6,000,000, 11%, 4-year bond that pays semiannual interest of...
1)On the first day of the fiscal year, a company issues a $1,600,000, 8%, 5-year bond...
1)On the first day of the fiscal year, a company issues a $1,600,000, 8%, 5-year bond that pays semiannual interest of $64,000 ($1,600,000 × 8% × ½), receiving cash of $1,810,050. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 2)On the first day of the fiscal year, a company issues a $1,700,000, 10%, 10-year bond that pays semiannual interest of $85,000 ($1,700,000 × 10% × ½), receiving cash of $1,810,568. Journalize the...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,800,000, 8%, 6-year bond that pays semiannual interest of $112,000 ($2,800,000 x 8% x V), receiving cash of $3,230,825. 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 a $3,000,000, 12%, 4-year bond that pays semiannual interest of $180,000 ($3,000,000 x 12% V),...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,500,000, 8%, 10-year bond that pays semiannual interest of $340,000 ($8,500,000 x 8% x V), receiving cash of $6,976,330. Journalize the bond issuance. If an amount box does not require an entry, leave it it blank. 99
Help me with Answer A and B Please :) A. B. Discount Amortization On the first day of the fiscal year, a company issues...
Help me with Answer A and B Please :)
A.
B.
Discount Amortization On the first day of the fiscal year, a company issues a $2,200,000, 6%, 10-year bond that pays semiannual interest of $66,000 ($2,200,000 x 6% x V2), receiving cash of $1,770,739. 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 Expense Discount on Bonds Payable...
On the first day of the fiscal year, a company issues a $910,000, 10%, five-year bond that pays semiannual interest of $45,500 ($910,000 x 10% x 1/2), receiving cash of $884,171. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,500,000, 6%, 8-year bond that pays semiannual interest of $165,000 ($5,500,000 x 6% %). receiving cash of $5,859,013. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Check My Work 2 more Check My Works remaining Premium Amortization On the first day of the fiscal year, a company issues a $5,500,000, 10%, 6-year bond that pays...
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,800,000, 8%, 6-year bond that pays semiannual interest of $112,000 ($2,800,000 x 8% x V), receiving cash of $3,230,825. 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 a $3,000,000, 12%, 4-year bond that pays semiannual interest of $180,000 ($3,000,000 x 12% V),...
Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,500,000, 8%, 10-year bond that pays semiannual interest of $340,000 ($8,500,000 x 8% x V), receiving cash of $6,976,330. Journalize the bond issuance. If an amount box does not require an entry, leave it it blank. 99
Help me with Answer A and B Please :)
A.
B.
Discount Amortization On the first day of the fiscal year, a company issues a $2,200,000, 6%, 10-year bond that pays semiannual interest of $66,000 ($2,200,000 x 6% x V2), receiving cash of $1,770,739. 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 Expense Discount on Bonds Payable...
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