Homework Answers
The journal entry for the Issuance of Bond
|
Date |
General Journal |
Debit ($) |
Credit ($) |
|
Jan 01, 2018 |
Cash A/c |
62,521 |
|
|
To Premium on Bond Payable A/c [$62,521 - $58,000] |
4,521 |
||
|
To Bond Payable A/c |
58,000 |
||
|
[Being the journal entry passed to record the Issuance of Bond] |
|||
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Pretretmania, Inc. issues 6%, 10-year bonds with a face of $8.00 to 1. & 2. Record...
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A company issues 75, 10 year bonds with a face amount of $80.000 for $74.564 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 8% Interest is paid semiannually on June 30 and December 31 Required: 1 2 Record the bond issue and first interest payment on June 20, 2021. no entry is required for a particulier transaction even select "No Journal Entry Required in the first account Teld. Do not round Intermediate...
two parts A company issues 7%, 10-year bonds with a face amount of $80,000 for $85.951...
two parts
A company issues 7%, 10-year bonds with a face amount of $80,000 for $85.951 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not...
A company issues 9%, 10-year bonds with a face amount of $60,000 for $56,262 on January...
A company issues 9%, 10-year bonds with a face amount of $60,000 for $56,262 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...
Check my work Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $55,000 for...
Check my work Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $55,000 for $55,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. points 8 00:49:51 Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $53,000 for $53,000 on January...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount
of $53,000 for $53,000 on January 1, 2021. The market interest rate
for bonds of similar risk and maturity is 5%. Interest is paid
annually on December 31.
Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1...
A company issues 5%, 10-year bonds with a face amount of $70,000 for $75,723 on January...
A company issues 5%, 10-year bonds with a face amount of $70,000 for $75,723 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate...
2. Record the first interest payment. Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount...
2. Record the first interest
payment.
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $58,000 for $62,521 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 2.5 points Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in...
A company issues 7%, 9-year bonds with a face amount of $90,000 for $84,301 on January...
A company issues 7%, 9-year bonds with a face amount of $90,000
for $84,301 on January 1, 2021. The market interest rate for bonds
of similar risk and maturity is 8%. Interest is paid semiannually
on June 30 and December 31.
Journal entry worksheet Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet 2 Record the first interest payment on June 30,...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $46,591 on January...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $46,591 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermed iate...
A company issues 75, 10 year bonds with a face amount of $80.000 for $74.564 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 8% Interest is paid semiannually on June 30 and December 31 Required: 1 2 Record the bond issue and first interest payment on June 20, 2021. no entry is required for a particulier transaction even select "No Journal Entry Required in the first account Teld. Do not round Intermediate...
two parts
A company issues 7%, 10-year bonds with a face amount of $80,000 for $85.951 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not...
A company issues 9%, 10-year bonds with a face amount of $60,000 for $56,262 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 10%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal...
Check my work Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $55,000 for $55,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. points 8 00:49:51 Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View...
Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount
of $53,000 for $53,000 on January 1, 2021. The market interest rate
for bonds of similar risk and maturity is 5%. Interest is paid
annually on December 31.
Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1...
A company issues 5%, 10-year bonds with a face amount of $70,000 for $75,723 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate...
2. Record the first interest
payment.
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $58,000 for $62,521 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 2.5 points Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in...
A company issues 7%, 9-year bonds with a face amount of $90,000
for $84,301 on January 1, 2021. The market interest rate for bonds
of similar risk and maturity is 8%. Interest is paid semiannually
on June 30 and December 31.
Journal entry worksheet Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet 2 Record the first interest payment on June 30,...
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $46,591 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermed iate...
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